{"id":63885,"date":"2026-06-28T09:38:14","date_gmt":"2026-06-28T13:38:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/iraqi-government-intensifies-anti-corruption-crackdown-amid-global-geopolitical-shifts\/63885\/"},"modified":"2026-06-28T09:38:14","modified_gmt":"2026-06-28T13:38:14","slug":"iraqi-government-intensifies-anti-corruption-crackdown-amid-global-geopolitical-shifts","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/iraqi-government-intensifies-anti-corruption-crackdown-amid-global-geopolitical-shifts\/63885\/","title":{"rendered":"Iraqi Government Intensifies Anti-Corruption Crackdown Amid Global Geopolitical Shifts"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Iraqi security forces arrested over 40 high-ranking officials and lawmakers<\/strong> in a sweeping dawn raid targeting entrenched corruption networks within Baghdad&#39;s Green Zone.<\/li>\n<li><strong>The U.S. Supreme Court ruled 6-3 in <em>Mullin v. Doe<\/em><\/strong>, upholding the Department of Homeland Security&#39;s authority to terminate Temporary Protected Status (TPS) for hundreds of thousands of migrants.<\/li>\n<li><strong>Russian President Vladimir Putin acknowledged a &quot;difficult period&quot;<\/strong> for the nation during a United Russia party conference, citing invaluable lessons learned amid intensifying economic and military pressures.<\/li>\n<li><strong>Iraq&#39;s anti-corruption operation has seized approximately $33.5 million<\/strong> in cash and assets, marking a fundamental shift in the state&#39;s approach to sovereign integrity.<\/li>\n<\/ul>\n<h2>Iraq Launches Unprecedented Anti-Corruption Raids<\/h2>\n<p>The Iraqi government has launched a massive security operation to dismantle corruption networks, resulting in the arrest of at least <strong>47 high-ranking politicians and officials<\/strong> on Sunday. Elite units from the <strong>Counter Terrorism Service (CTS)<\/strong> conducted dawn raids across Baghdad\u2019s heavily fortified <strong>Green Zone<\/strong>, sealing all entrances to prevent suspects from fleeing.<\/p>\n<p>According to government spokespersons, the crackdown is a &quot;pillar of state sovereignty&quot; and follows a specific methodology aimed at preserving public funds. The operation was largely triggered by confessions from former <strong>Oil Ministry Undersecretary Adnan al-Jumaili<\/strong>, who was detained in May. Authorities confirmed that the arrests included members of parliament whose immunity had been recently lifted, as well as figures linked to the <strong>Sunni Azm Alliance<\/strong> and the political bloc of former Prime Minister <strong>Mohammed Shia al-Sudani<\/strong>.<\/p>\n<h2>SCOTUS Reaffirms DHS Authority on TPS Terminations<\/h2>\n<p>In a landmark immigration ruling, the <strong>U.S. Supreme Court<\/strong> sided with the Trump administration in the case of <em>Mullin v. Doe<\/em>. The 6-3 decision confirms that <strong>Department of Homeland Security (DHS)<\/strong> Secretary <strong>Markwayne Mullin<\/strong> has the legal discretion to terminate <strong>Temporary Protected Status (TPS)<\/strong> for migrants from countries like <strong>Haiti<\/strong> and <strong>Syria<\/strong>, provided the administration determines conditions have sufficiently improved.<\/p>\n<p>Secretary <strong>Markwayne Mullin<\/strong> emphasized that TPS was always intended to be a temporary humanitarian measure, stating that affected individuals should now pursue permanent residency or prepare to return home. Critics and dissenting justices argued the ruling removes critical judicial oversight of administrative procedures, potentially impacting over <strong>1.3 million noncitizens<\/strong> currently living and working legally in the United States.<\/p>\n<h2>Putin Cites &quot;Valuable Lessons&quot; Amid Economic Strain<\/h2>\n<p>Russian President <strong>Vladimir Putin<\/strong> addressed the <strong>United Russia<\/strong> party on Sunday, stating that while the country is experiencing a &quot;tough phase,&quot; the challenges have served as a valuable lesson in resilience. The remarks come as Russia faces a sharp <strong>13% decline in its stock market<\/strong> since the beginning of June and a <strong>25% drop in gasoline production<\/strong> following successful Ukrainian drone strikes on energy infrastructure.<\/p>\n<p>Despite these pressures, Putin maintained that the government\u2019s &quot;deliberate steps&quot; to cool the economy\u2014including maintaining a <strong>14.5% key interest rate<\/strong>\u2014are necessary to prevent hyperinflation. Analysts suggest the Kremlin is attempting to project stability ahead of the <strong>September parliamentary elections<\/strong>, even as the national budget deficit continues to exceed planned thresholds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Iraqi security forces arrested over 40 high-ranking officials and lawmakers in a sweeping dawn raid targeting entrenched corruption [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[19757,4824,5201,5446,5520,6833,7073,10362,12086,19756],"class_list":["post-63885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-markwayne-mullin","tag-geopolitics","tag-emerging-markets","tag-iraq","tag-immigration","tag-dhs","tag-vladimir-putin","tag-anti-corruption","tag-tps","tag-cts"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/63885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=63885"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/63885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=63885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=63885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=63885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}