{
  "id": 14773904,
  "title": "US imposes Iran-related sanctions on Iraq Development Bank",
  "url": "https://urgent.news/2026/10/15/us-imposes-iran-related-sanctions-on-iraq-development-bank",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T19:20:17.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/news/us/2026/10/15/us-imposes-iran-related-sanctions-on-iraq-development-bank/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The US has imposed sanctions on the Iraq Development Bank (IDB) and 10 other entities and 16 individuals, citing their relations with Iran. This move is part of the US administration's \"Economic Outcast\" programme, which aims to sever Iran's economic lifelines and force the regime to reopen the Strait of Hormuz. The IDB is accused of abusing the now-dissolved dollar wire auction and maintaining ties with Iran government entities and militia groups in Iraq. This sanction comes as Iraqi Prime Minister Ali Al Zaidi has sought to work with US authorities on the country's banking sector, which has been plagued by corruption. The US holds significant influence over Baghdad's financial policies due to its control over international oil revenue held at the Federal Reserve Bank of New York.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The National UAE",
        "title": "US imposes Iran-related sanctions on Iraq Development Bank",
        "url": "https://urgent.news/2026/10/15/us-imposes-iran-related-sanctions-on-iraq-development-bank-14775793",
        "published": "2026-10-15T19:20:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}