Iraqi leaders anticipate renewed uncertainty from second Trump administration
The revival of a “maximum pressure” campaign against Iran is likely to extend into Iraq, with implications for domestic politics, banking, and the oil sector.
As U.S. President-elect Donald Trump prepares to take power for a second time, Iraqi leaders are expressing a range of concerns about the potential impacts on Iraq and its oil sector, according to interviews with senior figures from a dozen different parties across the political spectrum.
Most of all, the change in the American administration seems to bring a period of elevated uncertainty, as Iraqi leaders tend to see Trump as more unpredictable than outgoing U.S. President Joe Biden. The revival of Trump’s “maximum pressure” campaign against Iran is an area of acute concern, both because it will likely shift the fault lines of Iraq’s domestic politics and because Iraq's energy and banking sectors will almost certainly be affected by expanding sanctions action.
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