U.S. sanctions threats cast shadow on Iraqi economy

Last Update: 2020-01-09 00:00:00 - Source: Iraq Oil Report

Conflict between the U.S. and Iran is raising new fears over the extent to which Iraq could be affected by American sanctions, which have the potential to devastate the country's economy.

U.S. President Donald Trump said Wednesday he would "immediately impose additional, punishing economic sanctions on the Iranian regime," after Iranian surface-to-surface missiles hit two Iraqi military bases housing American troops late Tuesday night; and on Sunday, Trump said he would impose sanctions directly on Iraq if the U.S. military is forced out of the country on bad terms.

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