Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: One was killed, another injured in a raid by an Israeli drone on the city of Khiam in South Lebanon
London views possibility of setting fire to tanker in port of friendly country to Russia to damage port infrastructure, initiate an international probe: Moscow
One of London's scenarios involves setting up accident with 'undesirable' tanker in one of the bottlenecks of maritime communications: Russian foreign intelligence agency
London plans to organize major sabotage with tankers to declare transportation of Russian oil to international shipping: Russian foreign intelligence agency
UK intelligence agencies plan to use NATO allies to launch massive raid on 'Shadow Fleet': Russian foreign intelligence agency
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.

Iraq granted new US sanctions waiver to purchase Iranian electricity

  • By Al Mayadeen English
  • Source: News websites
  • 18 Jul 2024 00:25
2 Min Read

The 120-day waiver, renewed on July 11, comes as Iraqis endure power outages, particularly during the stifling summer months.

Listen
  • x
  • US, Iraq
    The sun sets behind the transmission lines of electric power from Iran to Iraq in Basra, Iraq, July 29, 2021. (AP)

The United States has given Iraq another four-month sanctions waiver to obtain Iranian electricity, allowing Iran to access the proceeds solely for limited humanitarian trade, a US State Department spokesperson told the Al-Monitor news website.

Since 2018, the US has issued regular waivers to enable Iraq to meet its short-term energy needs without violating American sanctions against Iran while urging Baghdad to reduce its reliance on Iranian natural gas and electricity.

Last week, Iraqi Foreign Minister Fuad Hussein discussed his country’s dependence on US waivers for Iranian energy imports during meetings with Treasury Department officials in Washington.

The 120-day waiver, renewed on July 11, comes as Iraqis endure power outages, particularly during the stifling summer months when temperatures exceed 50 degrees Celsius (120 Fahrenheit) and the demand for air conditioning strains the country’s aging electricity grid.

The State Department spokesperson stated, "Since 2018, the Department has permitted Iraq to purchase Iranian electricity while Iraq develops its domestic generation capacity, continuing a practice from prior administrations."

Related News

Putin open to meeting Zelensky pending expert-level talks: Peskov

Pro-'Israel' Democrats breaking with Netanyahu amid Gaza war

"Under the terms of the Iraq electricity waiver, no Iranian funds have been released to Iran," the spokesperson told Al-Monitor.

"The funds are held in restricted accounts and can only be used for humanitarian trade and other non-sanctionable transactions."

The news website recalled that previous waivers faced sharp criticism from congressional Republicans, who argue that the arrangement frees up domestic funds for Iran to allegedly spend on "regional terrorism", its nuclear program, and other activities.

In a letter to Treasury Secretary Janet Yellen and Secretary of State Antony Blinken in April, a group of Senate Republicans raised concerns over a provision in recent sanctions waivers that authorizes payments to be deposited into third-country banks rather than accounts inside Iraq.

It is noteworthy that, during his campaign, Iranian President-elect Masoud Pezeshkian pledged to negotiate directly with the United States to lift sanctions that have severely impacted Iran’s economy.

Read more: Iran’s exports to Iraq reach $3Bln in Q1 2024, marking 28% increase

  • United States
  • Iraq
  • US
  • us sanctions
  • Iran

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS