"The United States has halted shipments of US dollars to Iraq and paused some security cooperation programmes with the Iraqi military, increasing pressure on Baghdad to curb powerful Iran-aligned groups."
"The suspended transfer was the second scheduled dollar shipment to Iraq's central bank delayed by Washington since the US-Israel war on Iran began in late February."
"Following the 2003 US-led invasion of Iraq, Washington took control over the management of Iraq's oil revenues by placing tens of billions of dollars in proceeds at the Federal Reserve Bank of New York."
The US Treasury halted a shipment of nearly $500m in US banknotes from Iraq's oil revenues, increasing pressure on Baghdad to limit Iran-aligned groups. This was the second dollar shipment delay since the US-Israel war on Iran began. The US aims to strengthen ties with Iraq while reducing its connections to Iran amid ongoing attacks by Iran-aligned factions. Iraq's central bank stated it has sufficient US currency reserves despite the halted deliveries, which follow a history of US control over Iraq's oil revenues since the 2003 invasion.
Read at www.aljazeera.com
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