Iraq delays July public salaries as Strait of Hormuz blockade guts oil revenue...

Iraq has delayed July public salaries after its oil exports fell sharply because of a blockade in the Strait of Hormuz.

Exports dropped from 100 million barrels in February to roughly 32 million barrels in May and June, according to figures from the Iraqi Oil Ministry.

PRO: see who's reacting and what you're missing. See the whole picture →