Iraq’s benchmark dollar bonds tested a one year low on Monday amid sharply escalating tensions across the region.
The country’s 2023 issue dropped as much as 4.1 cents on the dollar in early London trading, having seen its biggest fall since issuance on Friday following the US killing of Iran’s top military commander at Baghdad airport.
Iraqi militia leader Abu Mahdi al-Muhandis was also killed in the attack and Iraq’s parliament called on Sunday for US and other foreign troops to leave the country following the moves.
US President Donald Trump hit back warning Iraq could be hit by sanctions “like they’ve never seen before”.
Weeping, Iran supreme leader prays over Soleimani slain by USWeeping amid wails from a crowd of hundreds of thousands of mourners, Iran’s supreme leader on Monday prayed over the remains of ... Middle East
NATO to hold urgent meeting on Monday over Iraq-Iran crisisNATO ambassadors will gather on Monday in Brussels for an urgent meeting convened by the head of the military alliance to discuss the situation in the ... World News
Pope calls for dialogue and restraint amid growing US-Iran tensionsPope Francis called on Sunday for dialogue and restraint two days after the killing of a top Iranian military commander by the United States. ... World News
US military would only hit lawful targets in Iran: PompeoUS Secretary of State Mike Pompeo said on Sunday that any target the US military may strike in Iran, in the event Iran retaliates against America for ... Middle East