Rome:Iraq has highlighted the significant economic impact resulting from the ongoing tensions between the United States and Iran, estimating the losses at approximately USD 60 billion. This situation has raised concerns over its effects on global energy security, inflation rates, and both regional and international economies.

According to Qatar News Agency, Iraqi Foreign Minister Fuad Hussein, during a meeting in Rome with his Italian counterpart Antonio Tajani, emphasized the repercussions of the US-Iran conflict on Iraq's economy.

The discussions between Hussein and Tajani also covered bilateral relations and explored ways to enhance mutual cooperation. Additionally, they addressed regional developments in the Middle East and the implications of the Russia-Ukraine war.