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Biden admin renews sanctions waiver giving Iran access to $10 billion from Iraq
The Biden administration has extended a sanctions waiver that will grant Iran access to roughly $10 billion from Iraq in exchange for electricity purchases.
The 120-day waiver, signed by Secretary of State Antony Blinken on Tuesday, is identical to one issued in July, but comes amid increased attacks against US forces by Iranian proxies and just over a month after Iran-backed terror group Hamas slaughtered 1,200 people in Israel on Oct. 7.
Under the conditions of the waiver, Iran will receive nearly $10 billion being held in escrow accounts in Iraq that may only be used for humanitarian trade, US officials told the Associated Press.
The waiver extension will also allow the Iranian regime to transfer the electricity payments to accounts in Oman, which can then be converted to other currencies for the Islamic Republic to purchase non-sanctioned products, according to the outlet....
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Iran must be running out of money to give Hamas so Biden has to be sure to get Iran some more money. $50 billion + $6 billion + $10 Billion that is $66 billion that Biden has made sure Iran has gotten.
The Biden administration has extended a sanctions waiver that will grant Iran access to roughly $10 billion from Iraq in exchange for electricity purchases.
The 120-day waiver, signed by Secretary of State Antony Blinken on Tuesday, is identical to one issued in July, but comes amid increased attacks against US forces by Iranian proxies and just over a month after Iran-backed terror group Hamas slaughtered 1,200 people in Israel on Oct. 7.
Under the conditions of the waiver, Iran will receive nearly $10 billion being held in escrow accounts in Iraq that may only be used for humanitarian trade, US officials told the Associated Press.
The waiver extension will also allow the Iranian regime to transfer the electricity payments to accounts in Oman, which can then be converted to other currencies for the Islamic Republic to purchase non-sanctioned products, according to the outlet....
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Iran must be running out of money to give Hamas so Biden has to be sure to get Iran some more money. $50 billion + $6 billion + $10 Billion that is $66 billion that Biden has made sure Iran has gotten.