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Even against this backdrop of stunning betrayals, though, this new idea from Iraq is of an unprecedentedly variety. Given tangential comments from the current Iraqi Prime Minister, Mohammed al-Sudani, it may well be assumed that Baghdad knows this and, if this is the case, it might well be the latest ruse in this year’s effort to gain another waiver (including allowing Iraqi payments to be made through the regular Iranian banking system), and more multi-billion dollar funding from the US government. Specifically, and apparently with no sense of the irony involved, al-Sudani said that Iraq has no choice but to start paying for Iranian gas and electricity imports with Iraqi oil because US sanctions on Iran has made it difficult for Iraq to make payments through traditional banking routes.

For the moment, it appears that the US is going through the five phases of grief associated with the death of its idea for Iraq perhaps: denial, anger, bargaining, depression, and acceptance.

https://oilprice.com/Energy/Natural-Gas/The-USs-Hopes-In-Iraq-Have-Ended-With-The-Oil-For-Gas-Deal-With-Iran.html