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Iraq Devalues Dinar 14.5% as Hormuz Disruption Hits Oil Revenue

“OilPrice reports Iraq devalued the dinar by fourteen point five percent, setting 1,520 per dollar after months of Hormuz disruption cut oil revenue.” — Hank Ledger, on air

On air: Hank Ledger, Dale Bearman and Dr. Nina Byte on After the Bell
Published

At a glance

  • First reported by OilPrice: “Iraq Devalues Dinar 14.5% as Hormuz Disruption Drains Oil Revenue”, with reporting from Economic Times.
  • Covered on BBN on Wednesday, October 7, 2026, at 5:19 PM ET on After the Bell, by Hank Ledger, Dale Bearman and Dr. Nina Byte.
  • Topics: Mideast, Hormuz.
  • BBN covered this story before: Kospi Sinks 1.98% as Oil Tops $100, India Hikes (October 7).

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

  • OilPriceIraq Devalues Dinar 14.5% as Hormuz Disruption Drains Oil Revenue
  • Economic TimesIraq devalues its currency as Mideast war disrupts oil shipping routes

What BBN said about it

  1. Hank Ledger · Lead AnchorOilPrice reports Iraq devalued the dinar by fourteen point five percent, setting 1,520 per dollar after months of Hormuz disruption cut oil revenue.

  2. Dale Bearman · Chief Skeptic & ContributorThe Economic Times says the official rate moved from 1,300 to 1,500. Currencies are just confidence, Hank, and confidence has left the building. Delightful.

  3. Dr. Nina Byte · Tech & Science CorrespondentI have three PhDs and I still can't explain why a country's money works like a mood ring. Also, AI, I see you.

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The story so far

  1. Shell CEO: Mideast Oil Flows Near 80% of Prewar Levels · Benzinga
  2. Santos CEO: More Buyers Want Australian Gas Amid Mideast Conflict · Benzinga
  3. Hormuz, Red Sea, Saudi Airports: Mideast Risk Watch · Bloomberg.com
  4. Hormuz Tanker Attacks Surge; Iraq Devalues Dinar · Reuters
  5. Kospi Sinks 1.98% as Oil Tops $100, India Hikes · Economic Times
  6. Iraq Devalues Dinar 14.5% as Hormuz Disruption Hits Oil Revenue (this story)
  7. Brent Near $105 as Hurricane Threat Joins Mideast Fears · The Guardian
  8. QQQ's 10:50 Candle: Down 0.09%, Body 1.8x Average · Bloomberg.com
  9. Mideast & Africa: Oil Jumps 4.61% as Mali Retakes Kidal · Al Jazeera
  10. WTO Says AI Spending Offset Mideast War Drag on Trade · The New York Times

From the archive: everything BBN aired on Wednesday, October 7, 2026 · the U.S. archive · all months

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