Iraq awaits economic breakthrough following US-Iran agreement, 15 APRIL

 Iraq awaits economic breakthrough following US-Iran agreement

Amid the successive crises facing Iraq, the national economy stands on the edge of waiting and anticipation, searching for a glimmer of hope that will open windows of relief amid the blocked financial horizon and the tightening noose on the local market. 

Amid the anxiety of traders and the fear of consumers, the signs of the anticipated agreement between the United States of America and the Islamic Republic of Iran emerge as an opportunity that may carry within it the features of an economic breakthrough for Iraq, after years of suffering due to sanctions and regional tensions.

With every announcement or hint of progress in the negotiations, Iraqis' hopes are pinned on the possibility of liberating themselves from the shackles of complex transactions, and that this agreement will transform from a mere political card into a key to  facilitating trade, ensuring stability, and protecting what remains of their purchasing power and economic capacity, which has been weakened by regional tensions.

Economic expert Nasser Al-Tamimi confirmed on Monday (April 14, 2025) that the expected agreement between the United States of America and the Islamic Republic of Iran will have economic benefits for Iraq.

Al-Tamimi told Baghdad Today, "The expected agreement between Washington and Tehran during the next phase is not only politically and security-wise important for Iraq, but also has economic benefits for Iraq. 

This agreement will lift some US sanctions against Iran, especially those related to the dollar issue. This may allow Iraq to conduct commercial transactions with Iran in dollars through official and legitimate means, and stop the black money transfers used by most traders."

He added, "Among these economic benefits is Iraq's continued import of gas and electricity without any American obstacles or impediments. Therefore, the anticipated US-Iran agreement is of great importance to Iraq. However, if no agreement is reached and the situation escalates between the two parties, Iraq will be the most affected by this."

With the escalation of talk about a possible agreement between Washington and Tehran, expectations are growing that some of the restrictions imposed will be eased. This could give Iraq a new opportunity to regulate its trade with Iran through official and legitimate channels, mitigate the impact of recurring energy crises, and restore some balance to the local market, which has been chronically constrained by these regional and international challenges.  link