US halts shipment of Iraq’s oil dollars in bid to curb Iran-linked groups
Summary
The United States has stopped sending US dollars to Iraq from its oil revenue accounts and paused some military cooperation to pressure Iraq into limiting Iran-linked armed groups. This move aims to make Iraq reduce its ties with Iran during an ongoing conflict involving US and Iran-aligned forces in the region.Key Facts
- The US halted a shipment of nearly $500 million in US banknotes to Iraq’s central bank.
- The money comes from Iraqi oil revenues held at the Federal Reserve Bank of New York.
- This is the second time since February that the US delayed sending dollars to Iraq.
- The US wants Iraq to reduce its support for armed groups connected to Iran.
- Iran-aligned groups have attacked US military sites in Iraq and nearby countries.
- The US has conducted airstrikes against Iran-linked armed factions within Iraq.
- Iraq’s central bank says it still has enough US dollars in its reserves.
- The US controlled Iraq’s oil revenue management after the 2003 invasion, giving it influence over Iraq’s economy.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.