Repercussions of Maritime Transport Disruptions on Local Food Markets and Calls for Stricter Oversight

Economic experts have warned that food markets in Iraq are being affected by disruptions in global trade, particularly through vital maritime corridors. Experts explained that the heavy reliance on imports to meet domestic needs makes markets vulnerable to rising shipping and insurance costs due to geopolitical crises. Warnings have also emerged regarding some merchants exploiting these conditions to hoard goods and unjustifiably inflate prices. Specialists urged relevant government authorities to enforce strict market oversight and bolster strategic reserves of essential commodities to ensure price stability and prevent monopolistic practices.