Muhammad al-Dhari, a leader in the Azm Alliance, has made serious allegations about Iraq’s oil revenues, claiming they are being heavily misused under U.S. oversight.
Speaking about the issue, he said Iraq’s oil income is being subjected to what he described as “the largest theft operations” by the US Federal Reserve, accusing the Donald Trump administration of putting in place a plan to control Iraq’s wealth indirectly.
Al-Dhari claimed that Iraq does not have full visibility over its oil sales, saying that some transactions are not properly monitored by the Ministry of Oil. He also alleged that large sums are being deducted from oil revenues without the central government’s knowledge, and that there is a lack of transparent reporting, such as monthly invoices.
He further argued that the United States plays a dominant role in overseeing oil exports and investments, claiming that American companies benefit the most from oil-related projects, while Iraq has limited ability to reject certain agreements.
According to him, these actions have harmed Iraq’s economy while benefiting the U.S., particularly through access to hard currency generated from oil sales.
These claims represent the views of a political figure and highlight ongoing tensions and disputes over control, transparency, and management of Iraq’s key economic resource—oil.
