Are the Bush Administration people hanging their heads in shame? Their glorious conquest if Iraq keeps yielding benefits- to Iran.
Iraq provides economic help to Iran as it struggles under economi sanctions imposed by US - World - The Boston Globe
Iraq provides economic help to Iran despite sanctions
By Duraid Adnan and James Risen | NEW YORK TIMES AUGUST 19, 2012
WASHINGTON — When President Obama announced last month that he was cutting off a little-known Baghdad bank from any dealings with the US banking system, it was a rare public acknowledgment of a delicate problem for an administration hoping for a reliable ally in the country where US troops just fought a war: For months, Iraq has been providing economic assistance to Iran, skirting the sanctions imposed on the country because of its nuclear program.
The bank singled out by the United States, the Elaf Islamic Bank, is only part of a network of financial institutions and oil-smuggling operations that, according to current and former US and Iraqi government officials and experts on the Iraqi banking sector, has provided Iran with a crucial flow of dollars at a time when sanctions are squeezing its economy.