✉news BusinessBanking first seen 3 h ago, last 30 min ago, peak #6
US exit from Iraq bases leaves oil revenue leverage intact
Original: As it exits bases, US maintains leverage over Iraq with control of oil revenues
The United States is scaling back its military presence at bases in Iraq but continues to hold significant influence over the country through its role in controlling Iraqi oil revenues. The arrangement means Washington retains financial leverage over Baghdad even as troops withdraw, raising questions about Iraq's economic sovereignty and the future shape of the US-Iraq relationship.
Why now: News of the US military drawdown from Iraqi bases has renewed debate over America's continued financial control of Iraqi oil revenues.
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Evidence
- As it exits bases, US maintains leverage over Iraq with control of oil revenues · thearabweekly.com
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