Friday, June 26, 2026
President Trump has quitely and without any news reporting renewed Executive Order 13303, which puts all Iraqi oil revenues under his control.
https://x.com/HusseinAskary/status/2070073615005954546
President Trump has quitely and without any news reporting renewed Executive Order 13303, which puts all Iraqi oil revenues under his control. There has not been a single news item or White House press release since Trump signed the renewal in early May, 2026.
When Iraq sells oil to foreign companies, including the largest buyers, the Chinese, they deposit the money in a bank account in the New York Federal Reserve branch, not in an Iraqi bank. That account is controlled by the U.S. President and U.S. Treasury. EO 13303 was first signed by President George W. Bush in May 2003 after the illegal invasion of Iraq. All American presidents have since then ritually renewed it in May of every year under the guise of "national security emergency". The details of how this was done and why it is not legal have been explained by myself in different media. The Iraqi government has not dared to challenge this political and economic crime to the extent that Trump in March this year said that he did not want Nouri Al-Maliki (winner of elections last October) to become the new prime minister of Iraq. And the Iraqis obeyed. I explain some of the details in this previous interview: https://youtube.com/watch?v=5s96Cp_OVKA
Here is the document on the signing of the renewal on May 4, 2026: https://govinfo.gov/content/pkg/DCPD-202600313/pdf/DCPD-202600313.pdf
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