United States Warns Iraq of Financial Suspension if Iran Backed Groups Join New Government

The U.S. threatened to halt dollar transfers and diplomatic ties with Iraq if Iran-linked figures join the cabinet, leveraging control over oil revenues.

Insights:
The US USUShas threatened to suspend dollar transfers to the Central Bank of Iraq and halt diplomatic engagement with the next government if Iran-backed armed groups are granted cabinet positions. This move leverages the control Washington has held over the oil revenues of Iraq IQIQsince the 2003 invasion. U.S. Charge d'Affaires Joshua Harris joshua harrishas delivered repeated warnings over the past two months to Iraqi officials and Shiite leaders, including Ammar Hakim ammar hakimand Hadi Al Ameri hadi al ameri. The warnings focus on 58 members of the Iraqi Parliament whom Washington views as linked to Iran IRIR.
A general view shows al-Firdous Square in Baghdad, Iraq on July 27, 2022. REUTERS/Ahmed Saad
A general view shows al-Firdous Square in Baghdad, Iraq on July 27, 2022. REUTERS/Ahmed Saad
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.