US has reportedly threatened to curb the supply of USDs to Iraq in the scenario that they fail to disarm militants who are backed by Iran, FT reports
Newsquawk Staff ·
US has reportedly threatened to curb the supply of USDs to Iraq in the scenario that they fail to disarm militants who are backed by Iran, FT reports.
What it means
The US threatening to limit USD supply to Iraq highlights the geopolitical tension in the region, particularly regarding Iran's influence. This could lead to increased volatility in oil prices, especially if the situation escalates or affects Iraq's production capacity, which is significant for global energy markets.
Sources
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