Story perspectives

U.S. Suspends Dollar Shipments to Iraq, Threatens Economy

4/23/2026

Summary

Story summary

The U.S. government suspended air shipments of dollars to Iraq to pressure Baghdad to distance itself from Iran, describing it as a "nuclear option."
The move is part of an effort by U.S. President Donald Trump’s administration that includes halting cooperation and funding for Iraq's security services.
Iraqi officials warn the measures could cripple Iraq's cash-based economy, which relies on dollar inflows from oil sales, triggering higher demand for dollars.

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Story summary

The U.S. government suspended air shipments of dollars to Iraq to pressure Baghdad to distance itself from Iran, describing it as a "nuclear option."
The move is part of an effort by U.S. President Donald Trump’s administration that includes halting cooperation and funding for Iraq's security services.
Iraqi officials warn the measures could cripple Iraq's cash-based economy, which relies on dollar inflows from oil sales, triggering higher demand for dollars.