Baghdad, Jan 13 (AFP/APP): Iraqi officials fear economic “collapse” if Washington imposes threatened sanctions, including blocking access to a US-based account where Baghdad keeps oil revenues that feed 90 percent of the national budget. US President Donald Trump was outraged by the Iraqi parliament voting on January 5 to oust foreign forces, including some 5,200 American troops, who have helped local soldiers beat back jihadists since 2014. If troops were asked to leave, he threatened, “we will charge them sanctions like they’ve never seen before.” The US then delivered an extraordinary verbal message directly to Prime Minister Adel Abdel Mahdi’s office, two Iraqi officials told AFP. “The PMO got a call threatening that if US troops are kicked out, ‘we’ — the US — will block your account at the Federal Reserve Bank in New York,” one official said. The Central Bank of Iraq’s account at the Fed was established in 2003 following the US-led invasion that toppled ex-dictator Saddam Hussein. Under United Nations Security Council Resolution 1483, which lifted the crippling global sanctions and oil embargo imposed on Iraq after Saddam’s invasion of Kuwait, all revenues from Iraqi oil sales would go to the account. Iraq is OPEC’s second-biggest … Continue reading Iraq warns of ‘collapse’ if Trump blocks oil cash