Iran's Economic Worries Mount as Iraq Applies New US Sanctions

Iraq has begun to apply new U.S. economic sanctions against Iran, turning back shipments of Iranian goods at a number of border crossings, according to Al Hurra TV, quoting Iranian merchants.

Iraqi Prime Minister Haider al-Abadi, who is straddling the political fence as he seeks a second term following parliamentary elections in May, told journalists Wednesday that he was "totally opposed to the principle of sanctions, given the price [Baghdad] itself had paid for international sanctions [under Saddam Hussein]."

Nonetheless, Abadi said he would apply them, since "the world does business in...

Read More »

By: VOA - Friday, 10 August

Related Posts