* Baghdad says US Iran sanctions a problem for Iraq

February 3rd, 2012 12:46 pm · Posted in NEWS: Dinar Currency & World Currency News 

American sanctions on Iran pose difficulties for Iraq because of its close economic ties with the Islamic republic, so Baghdad plans to seek a waiver from the US, the government spokesman told AFP.

The United States, European Union and others have ramped up sanctions to target Iran’s oil industry and central bank in an effort to pressure Tehran over its nuclear programme, which the West suspects is part of a secret drive to build an atomic bomb.

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