Iraq Says it Lost $60Bn Due to Mideast War

Iraq has lost around $60 billion during the Middle East war, Foreign Minister Fuad Hussein said on Thursday, with Iran blockading the Strait of Hormuz that is crucial to global energy flows, AFP reported. Iraq was producing about four million barrels of oil per day before the conflict, exporting about 3.5 million bpd -- mostly shipped from the country's south via the strait. But Iran's stranglehol