Trump reportedly quietly renews executive order, consolidating control over Iraqi oil revenues.

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Golden Finance reported that on June 26, according to Iran's Press TV, U.S. President Donald Trump has once again ordered that all oil revenues from Iraq under his control be deposited into an account at the New York Fed. Executive Order 13303 was originally signed after the U.S. military operation in Iraq in 2003, and has been renewed annually since then, each time on the grounds of "national security." The White House did not issue a press release on the matter, but Trump sent a formal notice to Congress on May 4 regarding the extension of the order. In the formal notice, Trump stated: "The obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security within the country, and the development of political, administrative, and economic institutions still pose an unusual and extraordinary threat to the national security and foreign policy of the United States. Therefore, the executive order must remain in effect beyond May 22, 2026."
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