How the US controls Iraq's oil revenues - Reuters
Source: Reuters
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DW NOTE
Iraq sells oil in dollars through accounts held at the Federal Reserve Bank of New York. Every barrel generates revenue that Baghdad cannot access without Washington's approval. The system was imposed after the 2003 invasion and has survived every Iraqi government since — a reminder that regime change is temporary, but the plumbing of dollar settlement is forever.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu