KRG Says US-Iran War Cost Region $1.14bn, Trade Falls 70% After 1,000 Attacks
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More than 1,000 missile and drone attacks have struck Iraq’s semi-autonomous Kurdish region since the U.S.-Israel war on Iran began in February, the Kurdistan Regional Government (KRG) said, causing $1.14 billion in economic losses and a 70 percent decline in trade. Prime Minister Masrour Barzani called the attacks “unjustifiable” and said the region had suffered casualties and extensive infrastructure damage. The war compounds a chronic financial crisis in the region amid disputes with Baghdad over public sector salaries and oil revenue sharing.
Attacks and Casualties
Since February, more than 1,000 missiles and drones have targeted the Kurdish region, launched directly from Iran or by Iran-backed militias inside Iraq, according to KRG Prime Minister Masrour Barzani. He told Al Jazeera the strikes hit military and security sites, energy facilities, bases of exiled Iranian Kurdish opposition groups, and civilian areas. The KRG provided Baghdad with the names of factions responsible, but no action has been taken. Kurdish officials said the region had suffered casualties and damage to critical infrastructure, describing the attacks as violations of Iraqi sovereignty.
Economic Toll
The attacks caused an estimated 1.5 trillion Iraqi dinars ($1.14 billion) in losses up to April, KRG spokesman Peshawa Hawramani said, with figures submitted to the federal government. Trade across the region fell by 70 percent, battered by the security fallout. The blow comes as the KRG struggles with a prolonged financial crisis, including unpaid public sector salaries and disputes with Baghdad over oil exports and budget transfers. Energy infrastructure and business investment have been particularly affected, compounding hardship in the oil-dependent economy.
What's Next
The KRG has handed over names of the attackers to successive Iraqi governments, but no accountability measures have been announced. It remains unclear whether the assaults will continue as the U.S.-Israel war on Iran drags on and regional tensions persist.
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KRG Says US-Iran War Cost Region $1.14bn, Trade Falls 70% After 1,000 Attacks
