← All stories
Geopolitics

US Treasury Controls All Iraqi Oil Revenues Through Single American Bank Account

By Egleze Editorial Desk · Published July 7, 2026 · Mario Nawfal Interviews · "Why Give An Inch?" Iran's Secret Leverage Over the West - w/ Sharmine Narwani
US Treasury Controls All Iraqi Oil Revenues Through Single American Bank Account
Mario Nawfal Interviews
Mario Nawfal Interviews
"Why Give An Inch?" Iran's Secret Leverage Over the West - w/ Sharmine Narwani

What was said

"All Iraqi oil revenues must be sent to a single bank account in the United States. And every single month, the Department of Treasury receives basically an invoice from the Iraqis saying what they need money for the next month. and the US decides what they will send to Iraq or not."

The guest reveals that all Iraqi oil revenues are deposited into a single US bank account, with the Treasury Department controlling monthly disbursements based on Iraqi government invoices. The US sends approved funds via pallets of cash on airplanes, which has fueled corruption. Many Iraqis reportedly remain unaware of this arrangement.

Verification status

Attributed speaker claim

Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.

Source and context

Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.

Programme
Mario Nawfal Interviews
Episode
"Why Give An Inch?" Iran's Secret Leverage Over the West - w/ Sharmine Narwani
Clip time
0:03
Original source
Watch the source segment →
From this episode
Mario Nawfal Interviews
Mario Nawfal Interviews

"Why Give An Inch?" Iran's Secret Leverage Over the West - w/ Sharmine Narwani

July 6, 2026 · 10m · 2 Egleze moments
Read episode summary and key points →

More moments from this episode

GeopoliticsIran Has Only Used 30 Percent of Escalation Potential in Current Conflict→
More stories More from Mario Nawfal Interviews