The US warns senior Iraqi politicians, threatening state sanctions against Iraq if an Iran backed armed group joins the next government, according to sources

The US warns senior Iraqi politicians, threatening state sanctions against Iraq if an Iran backed armed group joins the next government, according to sources.

The US's warning to Iraqi politicians underscores rising tensions around Iranian influence in Iraq amidst government formation efforts. This could lead to instability in the region, impacting oil markets, particularly WTI, as investors assess potential supply disruptions and geopolitical risks associated with increased US sanctions.