US Reports: The Arena of Economic Confrontation Between Washington and Tehran Shifts to Iraqi Territory

mesoiraq - American press reports indicate that the escalating economic confrontation between the United States and Iran has effectively shifted its arena to Iraq, following the suspension of financial dealings with Tehran by regional countries in compliance with US sanctions. The reports pointed out that Iraq has become the main economic outlet for Iran, with massive fund transfers being converted into cryptocurrencies to facilitate their cross-border movement. The same sources explained that Washington realizes the complexities of the situation and the difficulty of imposing effective economic sanctions on the Iraqi arena to curb these activities, given the widespread reliance on cash transactions away from the formal banking system.