Explained: How the US controls Iraq's oil revenues
- Posted on September 30, 2026
- By Business News Today
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- 1 min read
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Explained: How the US controls Iraq's oil revenues
US troops are set to leave their last bases in Iraq, but Washington will retain significant economic leverage through Iraqs oil revenues, which remain held at the Federal Reserve Bank of New York. The arrangement supports financial stability and dollar access, but has also given the US influence over Baghdad and helped enforce pressure on Iran-linked financial networks.
