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[1/5] Mourners carry the coffins of Iraq's Kataib Hezbollah fighters who were killed by US airstrike in Jurf al-Sakhar, south of Baghdad during a funeral in Baghdad, Iraq November 22, 2023. REUTERS/Thaier Al-Sudani Acquire Licensing RightsBAGHDAD, Nov 22 (Reuters) - Iraq's government condemned overnight U.S. airstrikes south of Baghdad that killed eight members of Iran-aligned Iraqi armed group Kataib Hezbollah, saying they were a "dangerous escalation" not coordinated with authorities. The U.S. has carried out two series of strikes in Iraq since Tuesday, in response to more than 60 attacks by Iran-aligned militias against forces in the region, and destroyed a Kataib Hezbollah operations centre and a command and control node. Kataib Hezbollah said the strikes in Iraq killed eight of its members in its stronghold of Jurf al-Sakhar, south of Baghdad. In a statement, it threatened to attack a wider array of targets if U.S. strikes continued.

Persons: Iraq's, Thaier, Kataib, Mohammed Shia Al, Sudani, Ahmed Rasheed, Timour, Timour Azhari, Andrew Heavens, Alex Richardson, Bernadette Baum Organizations: REUTERS, Rights, U.S, Israel, Hamas, Iraq's, Islamic State, Popular, Forces, Islamic, United, Thomson Locations: Jurf, Baghdad, Iraq, Rights BAGHDAD, Iran, U.S, United States, Gaza, Syria, Israel, Ain, Asad, Iranian, Islamic State, Iraqi, State

U.S. financial authorities last week barred 14 Iraqi banks from conducting dollar transactions as part of a wider crackdown on dollar smuggling to Iran via the Iraqi banking system, Iraqi central bank officials have said. Iraqi central bank (CBI) Governor Ali al-Allaq said on Wednesday the institution was following up on the issue and he had no indication the U.S. would sanction more Iraqi banks. He also noted that other banks were able to cover the market's needs for dollar transactions, with the 14 sanctioned banks representing just 8% of external transfers. The 14 banks have been banned from undertaking dollar transactions but can continue to use Iraqi dinars and other foreign currencies. The latest U.S. sanctions, along with previous ones on eight banks, have left nearly a third of Iraq's 72 banks blacklisted, two Iraqi central bank officials said.

Persons: Ali al, Allaq, Haider al, Shamma, Ahmed Rasheed, Timour, Richard Chang Organizations: U.S . Treasury Department, New York Fed, CBI, U.S ., Thomson Locations: BAGHDAD, Iraqi, United States, Iran, U.S, Tehran, Iraq's, Baghdad

U.S. financial authorities last week barred 14 Iraqi banks from conducting dollar transactions as part of a wider crackdown on dollar smuggling to Iran via the Iraqi banking system, Iraqi central bank officials have said. U.S. State Department deputy spokesperson Vedant Patel said the measures were not sanctions, as they have been referred to by Iraq's Central Bank governor. Iraqi central bank (CBI) Governor Ali al-Allaq said on Wednesday the institution was following up on the issue and he had no indication the U.S. would impose "sanctions" on more Iraqi banks. The 14 banks have been banned from undertaking dollar transactions but can continue to use Iraqi dinars and other foreign currencies. The latest U.S. measures, along with previous curbs on eight banks, have left nearly a third of Iraq's 72 banks blacklisted, two Iraqi central bank officials said.

Persons: Vedant Patel, Patel, Ali al, Allaq, Haider al, Shamma, Ahmed Rasheed, Timour, Richard Chang, Daniel Wallis Organizations: . State Department, Iraq's Central Bank, Treasury Department, Federal Reserve Bank of New, Central Bank of, U.S . Treasury Department, New York Fed, CBI, U.S ., Thomson Locations: BAGHDAD, Iraqi, United States, Iran, Federal Reserve Bank of New York, U.S, Tehran, Iraq's, Baghdad

The protester didn't follow through with his plan to burn the Koran in Stockholm, but he still kicked and partially destroyed one. Iraq told the Swedish ambassador to leave and recalled its own envoy to Stockholm. This led Sadr to declare last August that he was withdrawing from politics, leaving the Iran-backed Shi'ite groups in the driving seat of government. Sadr has mostly laid low since announcing his departure from politics, engaging supporters in religious events rather than calling them to the streets for protests. That has changed after the burning of a Koran in Sweden last month, when Sadr called on supporters to engage in mass demonstrations at the Swedish embassy and other parts of Iraq.

Persons: Sadr, Muqtada al, Mohammed Shia Al, Ahmed Younis, Mohammed Sadeq al, Saddam Hussein, Mohammed Baqir, Saddam, Sudani, Renad Mansour, Tom Perry, Michael Georgy, William Maclean Organizations: U.S, Iraq, Thomson Locations: U.S, Iraq BAGHDAD, Baghdad, Sweden, Stockholm, Iraq, Swedish, Iran, Europe, Sadr, Tehran, Washington

The budget deficit is estimated at a record 64.36 trillion Iraq dinars, more than double the last budget deficit in 2021, according to a budget document and lawmakers. The budget sets the exchange rate for oil revenues in U.S. dollars at 1,300 dinars per dollar. It will remain valid through 2025, though it is subject to amendment, including to the oil price it uses given its near-total dependence on oil revenue. To break even, Iraq required an oil price of $96 bpd, it said, while the price averaged $71.3 bpd in May. Baghdad previously had no say over Kurdistan's expenditure of oil revenues, with Kurdistan unilaterally exporting crude via Turkey despite Baghdad's objections.

Persons: Mohammed Nouri, Ahmed Tabaqchali, Ahmed Rasheed, Timour, Shri Navaratnam, Robert Birsel Organizations: Media, REUTERS, London School of Economics Middle East Center, Monetary Fund, Thomson Locations: Baghdad, Iraq, REUTERS BAGHDAD, Kurdistan, Iraqi, Turkey, Erbil, Iraq's, Kurdish, Ankara

ANKARA/BAGHDAD, May 2 (Reuters) - ISIS leader Abu Hussein al-Qurashi's six-month rule ended when he detonated a suicide vest during a Turkish special forces raid in northwest Syria on Saturday after refusing to surrender, a senior Turkish security official said. Turkish President Tayyip Erdogan said on Sunday Qurashi "was neutralized" as part of the intelligence forces' operation. Images of the site provided by the security official showed a red-roofed building with most of the walls on its ground floor blown out. An Iraqi intelligence official said: "The only safe haven for the senior Daesh (ISIS) leaders is in Syria, and specifically in areas bordering Turkey." A Turkish security official declined to comment on any Iraqi intelligence involvement in the operation.

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