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US halts $500M Iraq oil shipment to curb Iran-linked militias

US halts $500M Iraq oil shipment to curb Iran-linked militias

The US has halted a $500 million oil shipment from Iraq to curb Iran-linked militias, escalating tensions between the US and Iran. The move, announced in April 2026, aims to pressure Iran and its allies, potentially reducing diplomatic options and impacting regional stability. This action reflects ongoing efforts to counter Iran’s influence in Iraq and the broader Middle East.

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