The Iraqi army and Peshmerga paramilitary have stalled their military offensives against the Islamic State militants because of a lack of financial aid it has been claimed by sources on the ground.

This claim comes at a critical time in the war when the Iraqi army is still in the process of clearing out Ramadi from ISIS militants.

This financial crisis will have dire consequences on the entire war effort if true, as ISIS are currently retreating on all fronts, but break by the anti-ISIS forces might allow the terrorists to regroup.

The financial crisis is occurring because of several factors in Iraq, primarily the very low oil prices which will become even lower once Iranian crude enters the market. This is along with massive corruption in the country and a lack of international aid.

It is well known inside Iraq that many corrupt officials take large amounts of money and ship it outside the country, primarily to Europe where they use the money to buy property.

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