US Treasury targets Iraqi oil officials and Iran-backed militia leaders for diverting Iraq’s oil revenues and exploiting the energy sector to fund Tehran-aligned terrorist groups and attacks on U.S. 

by | May 7, 2026

The measures target networks accused of abusing positions within Iraq’s oil sector to facilitate illicit oil sales and generate funding for Iran-backed militias including Kata’ib Sayyid Al-Shuhada and Asa’ib Ahl Al-Haq. The action also highlights the use of commercial...