Members of the Hashd al-Shaabi gather in Basra, southern Iraq, to hold a memorial ceremony for Iranian leader Ayatollah Ali Khamenei, who lost his life in U.S. and Israeli airstrikes, carrying Khamenei posters and Hashd al-Shaabi and Kataib Hezbollah flags while chanting slogans in support of Iran and Islamic resistance groups, on March 08, 2026. [Haidar Mohammed Ali - Anadolu Agency]
Tehran’s regional hegemony was not forged through the deployment of its own conventional divisions, but through the cultivation of a sprawling network of proxies and paramilitary franchises, funded, trained, and commanded by Iran to wage its battles. In Iraq, these groups have lobbed missiles at Israel, sent drones across borders, and terrorised civilians. For years, the international community responded with kinetic strikes that often only served to martyr militia leaders and fuel recruitment. Now, however, Washington has found the pressure point that hurts most: their wallets. The Trump administration is withholding Iraq’s oil revenues, creating a financial strain aimed directly at the Iranian-backed militias that depend on those funds to pay fighters, buy weapons, and maintain influence. No dramatic military […]

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