US Reports: The Iraqi Arena Transforms into a Hub for the Economic Conflict Between Washington and Tehran

rafidainscope - US media reports indicated that the economic battle between the United States and Iran has effectively shifted to the Iraqi arena, following the United Arab Emirates' suspension of financial dealings with Tehran in compliance with US sanctions. The reports explained that Iraq has become a major economic outlet for Iran, with observed attempts to convert massive amounts of money into cryptocurrencies for transfer to the Iranian side. Sources pointed out that the US administration faces challenges in dealing with money-smuggling networks, noting that imposing potential economic sanctions on Iraq to undermine these networks might not achieve the desired results due to the citizens' weak reliance on the traditional banking system.