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Iraq's Ruling Pro-Iran Bloc Races To Choose PM, While US Rejects Main Candidates
Via The Cradle
The US has suspended all funding and security coordination with Iraq, and shipments of dollars the Central Bank of Iraq (CBI), until a new Baghdad government acceptable to Washington is formed, Saudi state-owned Al-Hadath reported Monday.
The US is also conditioning continued security cooperation on the disclosure of those involved in the bombing of its embassy, the news channel added.
President Trump previously with the current Prime Minister of Iraq Mohammed Shia' al-Sudani
Nevertheless, on Monday, the CBI released a statement rejecting the Al-Hadath report. Since 2003, a decision issued by Coalition Provisional Authority (CPA) head Paul Bremer has required that all Iraqi oil revenues be paid into an account at the US Federal Reserve Bank of New York, giving the US the ability to control how many US dollars are returned to the CBI.
From that point until today, the Iraqi Ministry of Fi...
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...