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🇺🇸🇮🇶🇮🇷 The U.S. has blocked a $500 million cash delivery to Iraq to pressure Baghdad into dismantling Iran-backed militias.

• A cargo plane carrying nearly $500M in physical banknotes was blocked by the Treasury Department
• It's the second such shipment delayed since the Iran war began in February
• The money is Iraq's own oil revenue, held at the Federal Reserve Bank of New York since a 2003 decision by Paul Bremer
• Iraq literally cannot pay salaries, food and medicine without U.S. approval of these transfers
• U.S. facilities across Iraq, including the Baghdad embassy, came under drone and rocket attack during the war
• Washington is also unhappy with both candidates being considered for Iraq's new prime minister

The U.S. has held this lever over Iraq since 2003. They just decided to use it.
Source: WSJ
 
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