Iraq’s political crisis is deepening — and the stakes are rising fast. ⁠ link to My FX Buddies Blog⁠ In this update: • The United States reportedly outlines 7 demands for Iraq’s next Prime Minister • Coordination Framework meetings collapse amid internal divisions • Maliki insists on running — despite growing resistance • US diplomats warn of possible sanctions • Hormuz closure fears spark economic alarm • German-Iraqi banking partnership announced

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