Report
Iraq’s oil revenues and US economic leverage as troops are set to leave
The Economic Times reports that Iraq’s oil revenues remain held at the Federal Reserve Bank of New York, giving Washington economic leverage even as US troops are set to leave their last bases in Iraq.
TLDR
The Economic Times reports that Iraq’s oil revenues remain held at the Federal Reserve Bank of New York. It says the arrangement supports financial stability and access to dollars, while giving the US influence over Baghdad and helping it pressure Iran-linked financial networks. US troops are set to leave their last bases in Iraq.
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