US federal court rules in favor of Iraq, preserving $53 million fund

BAGHDAD, Iraq — Iraq's Ministry of Justice announced on Tuesday that a US federal court issued a final and binding ruling in favor of Iraq, preserving $53 million in funds that had been at stake in the case. The ministry said the decision, dated June 23, 2026, marks a success for Baghdad in the field of international law. According to the ministry, the ruling is final and cannot be appealed, removing the possibility of an outcome against Iraq. The defense file prepared by the legal team handling the case was accepted by the court, the statement said. The ministry added that the ruling ensured the $53 million, which had been at risk of being lost, would remain in the country. No further details on the case or the parties involved were immediately available.