While Iran’s share of the Iraqi market in 2020 was roughly 19% in the formal trade and economic exchanges, the IRGC is actively involved in huge projects worth hundreds of millions of dollars in the reconstruction and renovation of Shiite shrines in Karbala, Najaf, Samarra, and Kadhimiya.
With the US invasion in 2003, the fall of Saddam Hussein, and the rise of Shiites in Iraq, Iran’s relations with Iraq have expanded in various areas, making Iraq one of Iran’s most important political, economic, and cultural neighbors. Currently, Iraq is significant to Iran not only in the political-security field but also in terms of economic.
