By Michael GeorgyDUBAI, Aug 25 (Reuters) - 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.Washington has already sanctioned a host of Iraqi banks accused of doing business with Tehran, though it has avoided measures that would devastate the economy of the strategic ally of both countries.

LONDON, Aug 24 - U.S. threats to impose "the toughest sanctions in history" to force Iran to buckle to its demands after nearly six months of war have raised the prospect of a new…

Iraqi lawmaker warns US sanctions on Iran may harm Iraq's economy. Crude oil reaching a new all-time high by December 31 at 11.5% YES.