By Yousef Saba and Ahmed Rasheed
DUBAI, Jan 23 (Reuters) – The United States, since its 2003 invasion of Iraq, has held effective control over the country’s oil revenue dollars, giving Washington extraordinary leverage over Baghdad’s affairs, with implications for regional dynamics involving Iran.
How does the U.S. control Iraq’s oil revenues?
The U.S. control over Iraq’s oil revenues primarily stems from the management of Iraq’s oil income through the Federal Reserve Bank of New York. After the 2003 invasion, the Coalition Provisional…