Iraq
How Iraq could become Washington's model for squeezing Iran
Iraq could serve as an example of how the United States could carry out its threat to force countries that continue trading with Iran out of the dollar-based financial system.
U.S. President Donald Trump said on Wednesday that the intelligence following the strikes on Iranian nuclear sites was inconclusive, but also suggested the damage could have been severe.
U.S. President Donald Trump speaks at the NATO summit in The Hague, Netherlands, June 25, 2025. Reuters/Brian Snyder
U.S. President Donald Trump said on Wednesday that the intelligence following the strikes on Iranian nuclear sites was inconclusive, but also suggested the damage could have been severe.
"The intelligence was very inconclusive. The intelligence says we don't know. It could've been very severe. That's what the intelligence suggests," Trump told reporters ahead of meeting with world leaders at a NATO summit.
"It was very severe. There was obliteration," he added.
Reporting by Jeff Mason and Bart Meijer
Iraq could serve as an example of how the United States could carry out its threat to force countries that continue trading with Iran out of the dollar-based financial system.
U.S. Treasury Secretary Scott Bessent announced what his department called "an economic onslaught" against Iran on Monday that combined new sanctions with threats against Tehran's trading partners.
Israeli Prime Minister Benjamin Netanyahu said on Monday that Iran had tried to kill one of his sons, but gave no details about when the alleged plot took place, which son was targeted or how close it came to being carried out.
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