Tag Archives | sanctions

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Iraq “Not Obliged” to heed US sanctions on Iran

By John Lee. Iraq’s Minister of Foreign Affairs, Mohamed Ali Alhakim [Mohammed Ali al-Hakim] (pictured) has been quoted as saying that Iraq is not obliged to abide by US sanctions against Iran. According to Rudaw, he told journalists on Wednesday: “These sanctions, the siege, or what is called the embargo, these are unilateral, not international. We […]

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Video: Iran Sanctions threaten Iraq’s Energy Supply

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. There is a fight over energy in Iraq between the US and Iran. Iraq relies on Iranian gas for nearly half of its energy – gas that is now subject to US sanctions […]

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US “struggles” to convince Iraq to cut ties with Iran

By John Lee. US Energy Secretary Rick Perry spent the last two days trying to convince the Iraqi government that it’s in its best interest to cut energy ties with Iran. But according to a report from Washington Examiner, his efforts have had limited success. Perry tweeted: “In bilateral meetings with Iraqi President @BarhamSalih, Prime Minister […]

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Iraq “Cannot Stop Trading with Iran”

Iraq’s new Foreign Minister Mohamed Ali Alhakim highlighted the importance of bilateral relations with Iran and said the Arab country cannot cut off its trade ties with the Islamic Republic due to the US sanctions. Alhakim pointed to Washington’s economic sanctions against Tehran and said, the value of annual trade between Iran and Iraq amount […]

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US Sanctions Key Hizballah, IRGC-QF Networks in Iraq

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today to target four Hizballah-affiliated individuals who lead and coordinate the group’s operational, intelligence, and financial activities in Iraq. Specifically, OFAC designated Shibl Muhsin ‘Ubayd Al-Zaydi, Yusuf Hashim, Adnan Hussein Kawtharani, and Muhammad ‘Abd-Al-Hadi Farhat as Specially Designated Global Terrorists (SDGTs) […]

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Sanctions Halt Iraqi Oil Exports to Iran

By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq’s new Prime Minister Adel Abdul Mahdi has opted for the policy of his predecessor, Haider al-Abadi, by committing himself to the US sanctions on Iran. A few hours […]

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Iraq Exemption from US Sanctions on Iran Energy

Iraq Granted Exemption from US Sanctions on Iran’s Energy Exports Iraq will continue to have access to the energy it needs from Iran to generate and supply electricity, Brian Hook, the special representative for Iran at the US State Department, said. “Iraq has been granted an exemption” to the energy sanctions the US has re-imposed […]

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US Treasury Sanctions Iraq-based Money Services Business

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions today on Afaq Dubai, an Iraq-based money services business (MSB) that has been moving money for the Islamic State of Iraq and Syria (ISIS). Today’s designation follows action taken by the Department of Defense—announced on October 11—against a key ISIS financial […]

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