US Halts Dollar Shipments to Iraq Amid Pressure Over Iran-Backed Militias
Updated
Updated · The Wall Street Journal · Apr 22
US Halts Dollar Shipments to Iraq Amid Pressure Over Iran-Backed Militias
52 articles · Updated · The Wall Street Journal · Apr 22
The United States has suspended shipments of US dollars to Iraq and paused some security cooperation programmes, aiming to pressure Baghdad over Iran-backed militias.
A recent $500 million cash delivery from Iraqi oil revenues was blocked, following hundreds of attacks on US interests by Iranian-aligned groups operating in Iraq.
These measures underscore Washington's leverage over Iraq’s financial system and reflect escalating tensions amid the ongoing US-Israel conflict with Iran.
Will US financial pressure accelerate Iraq's economic pivot towards China and away from the dollar?
How will freezing Iraq's oil revenue impact its ability to provide basic services to its people?
Is 'Operation Epic Fury' successfully containing Iran, or is it risking a wider regional war?
How serious is Iran's threat to shut down global oil supply routes like the Strait of Hormuz?
What are the prospects for a lasting peace deal from the secret US-Iran talks in Islamabad?
Can Iraq's government dismantle powerful state-funded militias without triggering a civil war?