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Global Business News

The Economic Times

Global Business / The Economic Times

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Iraq may show how U.S. can squeeze Iran's trade partners

The United States is pressuring Iraq to curb its financial dealings with Iran. Washington has sanctioned Iraqi banks involved in trade with Tehran. Iraq relies heavily on US goodwill for its oil revenues and finances. Trade between Iraq and Iran exceeds ten billion dollars annually. New US measures could jeopardize Iraq's energy payments to Iran.

26 Aug 2026 6:59 am