The Pentagon has announced that the United States and Coalition partners will reduce its military mission in Iraq.
Chief Pentagon Spokesman Sean Parnell said the decision on Iraq transition was taken in accordance with President Donald Trump's guidance and in alignment with the U.S.-Iraq Higher Military Commission and the joint statement issued last week.
"This reduction reflects our combined success in fighting ISIS and marks an effort to transition to a lasting U.S.-Iraq security partnership in accordance with U.S. national interests, the Iraqi Constitution, and the U.S.-Iraq Strategic Framework Agreement," Parnell said in a statement.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.