Iraq Shows How US Can Squeeze Iran Trade Partners
Iraq serves as a prime example of how the United States can use its control over oil revenues and the dollar-based financial system to pressure nations trading with Iran. Washington is weighing new sanctions targeting Iranian trade partners.
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Iraq could serve as a model for how the United States can penalize countries trading with Iran by cutting them off from the dollar-based financial system. Washington has already sanctioned several Iraqi banks for alleged business ties with Tehran while sparing the wider economy of its strategic ally. The strategy could soon expand to encompass major trading partners including China, the United Arab Emirates, Turkey, India, Pakistan, and Oman.
