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24.01.26 - 15:01
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US Pledges To ′Starve′ Iraq Of Oil Revenue If Pro-Iran Parties Join New Government (ZeroHedge)
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US Pledges To 'Starve' Iraq Of Oil Revenue If Pro-Iran Parties Join New Government
Via The Cradle
Washington has threatened to block Iraq's access to its own oil revenue held in the Federal Reserve Bank of New York if representatives of Shia armed parties enjoying support from Iran are included in the next government, Reuters reported Friday.
"The US warning was delivered repeatedly over the past two months by the US Charges d'Affaires in Baghdad, Joshua Harris, in conversations with Iraqi officials and influential Shi'ite leaders," Reuters reported, citing three Iraqi officials and one source familiar with the matter.
via AFP
The threat is part of US President Donald Trump's effort to weaken Iran through a "maximum pressure" campaign of economic sanctions, including on the Islamic Republic's oil exports. Trump also bombed Iran's nuclear sites as part of Israel's unprovoked 12-day war on Iran in June.
Because of US sanctions, few countries can trade with Iran...
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08.12.25 - 19:12
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NY Fed Consumer Survey Shows Steady Inflation, Despite Soaring Expectations For Medical Care Costs (ZeroHedge)
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NY Fed Consumer Survey Shows Steady Inflation, Despite Soaring Expectations For Medical Care Costs
US consumer inflation expectations were stable in November while perceptions about households current financial situations deteriorated "notably" and perceptions about job prospects improved, according to the latest Survey of Consumer Expectations from the Federal Reserve Bank of New York.
Median inflation expectations a year ahead was little changed at 3.2% last month, down from 3.24% in November, while expected inflation three and five years ahead remained at 3%, according to responses in the New York Fed's monthly Survey of Consumer Expectations, published Monday.
Median year-ahead commodity price change expectations increased by 0.2 percentage point for food (to 5.9%), 0.6 percentage point for gas (to 4.1%), 0.7 percentage point for the cost of medical care (to 10.1%), 0.2 percentage point for the cost of a college education (to 8.4%) and by 1.1 percentage points for rent (t...
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