A report published by the Financial Times on Thursday has ignited significant economic anxiety in Baghdad, highlighting the United States’ potential use of Iraq’s central bank reserves as political leverage. With a vast portion of these reserves held in accounts controlled by the U.S. Federal Reserve, Iraq finds itself in a precarious position amidst the ongoing military confrontation between Iran and the U.S.-Israeli alliance. While the Central Bank of Iraq maintains that its current reserves can technically cover 12 months of imports, the immediate liquidity crisis tells a more urgent story. [...]