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US pressures Iraq to cut banking and electricity ties with Iran


Issue 1197 - 11 Mar 2025 | 4 minute read

Baghdad has found itself caught in the middle of America’s ‘maximum pressure’ campaign against Iran, as the US tries to restrict Tehran’s access to hard currency via the Iraqi banking system and its electricity exports. While Iraq is still able to buy Iranian gas, Baghdad is scrambling to secure other sources of fuel supplies in case that too is targeted by America.

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