Treasury took an unprecedented action today. A current member of the Iraqi government was placed on the sanctions list by Washington.Along with three key officials of militias affiliated with Iran, Iraq’s deputy minister of oil was placed under operation Economic Fury.Up until today, no US administration has directly sanctioned an Iraqi cabinet member who is currently in office. Two days before to the floor vote on Al-Zaidi’s initial list of fourteen ministers, the Treasury was selected. The message was in the timing.If you own IQD, this implies that 1310 is staying on its peg while Iran-aligned assets are housed within Iraqi institutions. Just now, Treasury pulled one out. Iraq gets closer to a pace that eventually moves with each name eliminated.
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