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29.09.26 - 05:33
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The Hidden Mechanism Behind Washington′s Control Of Iraq′s Oil Money (ZeroHedge)
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The Hidden Mechanism Behind Washington's Control Of Iraq's Oil Money
Via Middle East Eye
For more than two decades, Iraq's oil wealth has passed through a financial system centered thousands of miles away in New York. The arrangement, created after the US-led invasion of Iraq in 2003, was initially designed to protect Iraqi oil revenues from creditors and help fund reconstruction.
Today, it gives Washington significant leverage over Iraq's access to its own dollars, leverage that the US is increasingly using as it pressures Baghdad to curb Iran's influence and the activities of armed groups aligned with Tehran. The issue came into sharp focus in April, when Washington blocked a shipment of about $500m in cash to Iraq as it pressured the government over Iran-aligned armed groups.
via AFPMuayen al-Kadhimi, a former parliamentary Finance Committee member, condemned the decision at the time, calling on the government to end what he described as US dominance over Iraqi funds. "The US de...
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15.09.26 - 18:21
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Irak lädt deutsche Firmen ein und bietet Erdöl an (DPA-AFX)
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BERLIN (dpa-AFX) - Iraks Ministerpräsident Ali al-Saidi hat deutsche Unternehmen eingeladen, sich am Wiederaufbau seines Landes zu beteiligen. Bei seinem Besuch in Berlin stellte er zugleich den Export von Rohöl nach Deutschland in Aussicht und brachte ......
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12.09.26 - 12:30
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Saudi Arabia shuts down oil pipeline, blaming drones from Iraq (The Guardian)
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Riyadh has increased its use of the East-West pipeline since the start of the Middle East war to bypass the closure of the strait of HormuzSaudi authorities said Friday drones launched from Iraq led to the temporary closure of a crucial oil export route used to bypass the lockdown of the strait of Hormuz.Riyadh has increased its use of the East-West pipeline, which links Abqaiq, near the Gulf, to the port of Yanbu on the Red Sea, since the start of the Middle East war to bypass strait of Hormuz closed by Iran. Continue reading......
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