ADVERTISEMENT

Discover Stakeru8

Check out the latest opportunities and start earning through Stakeru8.

Visit Now →

Explainer-How the US controls Iraq’s oil revenues

By Ahmed Rasheed

DUBAI, Sept 30 (Reuters) – US forces are set to withdraw on Wednesday from their last bases in Iraq, a departure celebrated as a victory by Iran and its allies, which ​have deep influence in the country where 4,500 Americans died during more than two decades of war.

Still, since its 2003 invasion of Iraq, the US has held effective control of the country’s oil revenue dollars, giving Washington extraordinary leverage over Baghdad’s affairs, with implications for regional dynamics involving Iran.

HOW DOES THE US CONTROL IRAQ’S OIL REVENUES?

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *