US plans sanctions on Iraq
Member of the Iraqi Parliament's Security and Defense Committee, Shiron Al-Duburdani, confirmed that Iraq has become Iran's only route to access dollars amid escalating U.S. economic pressures on Iran. He stated that the smuggling of U.S. dollars from Iraq to Iran continues, and that Washington suspended dollar transfers to Baghdad for a month, leading to an increase in the dollar's exchange rate against the Iraqi dinar. Reports indicate that the United States has halted the transfer of approximately $500 million in Baghdad's oil revenues as part of its campaign to pressure Iran and impose sanctions on the Iranian regime. With tensions rising and the U.S. emphasizing control over armed groups in Iraq, the government warns of the potential imposition of broad U.S. sanctions on the oil sector if it fails to curtail these groups.
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