From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.
How will US sanctions affect Iran-Iraq economic relations?
The Trump administration is giving Iraq a few more months to continue buying oil and electricity from neighbouring Iran before the United States enforces sanctions against Tehran.
After years of conflict, Baghdad now relies heavily on Iran for goods and services.
And Iranian President Hassan Rouhani is visiting Iraq to solidify ties between the neighbours, trying to convince them to defy the US president.
Al Jazeera's Natasha Ghoneim reports from Baghdad: