🧠 U.S. Intensifies Pressure on Iraqi Banks to Cut Iran Ties 🇺🇸🏦🇮🇶

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🧠 U.S. Intensifies Pressure on Iraqi Banks to Cut Iran Ties 🇺🇸🏦🇮🇶

🔍 U.S. Targeting Iraqi Banking Sector

A report by bne IntelliNews (via translation) says the U.S. is leveraging tight supervision and sanctions on Iraqi financial institutions to compel Baghdad to sever political and economic ties with Iran.
➡️ Some public and private banks are under stricter oversight, with international transactions routed through intermediary banks in Jordan and the UAE.
➡️ Up to 28 Iraqi banks are reportedly flagged by the U.S. for trading with Iran.

⚖️ Sanctions, Monitoring & Control

The U.S. Treasury is scrutinizing international flows from Iraqi banks, aiming to block illicit financing channels.
Washington is also demanding political reforms: dissolution or integration of the Popular Mobilization Forcesinto the state’s security apparatus.
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Pressure extends beyond banking — the energy sector is also targeted; for example, plans to import Turkish gas via Iran were blocked and an Iranian electricity waiver was revoked.

📉 Confirmed Moves in Dollar Transactions

According to Reuters, five Iraqi banks will be banned from U.S. dollar transactions in 2025 amid efforts to clamp down on laundering and smuggling. Reuters
In August 2025, reports claim 35 of 72 Iraqi banks have been subject to U.S. sanctions. banking.einnews.com

🏦 Banking Reform + U.S. Coordination

The Iraq News Agency notes coordination with the U.S. Treasury and Federal Reserve to improve banking standards and open correspondent accounts for Iraqi banks. ina.iq
Al-Alaq (CBI Governor) has said that opening accounts with internationally accredited correspondent banks will enhance Iraq’s banking system’s competitiveness. ina.iq

✅ Key Takeaways

🇺🇸 The U.S. is intensifying oversight and sanctions on Iraqi banks to push Iraq away from Iran influence.
🚫 Some banks are being cut off from dollar operations, limiting their global reach.
⚙️ The pressure is part of a wider initiative: political, energy, and military alignment.
🤝 Iraq is cooperating in upgrading banking standards and opening global correspondent relationships.