The US is said to have approved a sanctions waiver that will allow Iran to access at least $10 billion in previously frozen funds held in Iraq. The new 120-day waiver allows Iraq to transfer frozen electricity payments into Iranian-owned bank accounts in Europe and Oman.
Iraq owes Iran around $11 billion for imports of gas and electricity, but US sanctions prohibit dollar transactions with Iran. However, Tehran could only use the funds for "non-sanctionable transactions" such as buying humanitarian goods like food and agricultural products. The US has imposed a range of sanctions on Tehran over its nuclear program and support for militant organization.
#us #iran #sanctions #israelhamaswar #hamas #raisi #biden #hezbollah
n18oc_world n18oc_crux
0:00 INTRODUCTION
1:22 US-IRAN DEAL SPARKS CONTROVERSY OVER ALLEGED RANSOM PAYMENT
2:25 “IRAQI WAIVER COULD BOOST FUNDS FOR HAMAS AND HEZBOLLAH”
CRUX is your daily video news guide to the big events that are shaping our world. We track news, geopolitics, diplomacy and defence strategies and explain how they shape national policies. Crux makes sense of global developments, and analyses their impact on daily lives.
Follow CRUX on Telegram: https://bit.ly/3fnlLua
Follow CRUX on Instagram (@crux.india): https://bit.ly/3qSFx1K
Follow CRUX on Facebook: https://bit.ly/2Lte7iF
#GetCloserToTheNews with latest headlines on politics, sports and entertainment on news18.com https://bit.ly/2Y4QccL
Also watch:
Crux Decode: https://bit.ly/3MjzIoG
Crux+ : https://bit.ly/35mm97B
Crux Most Watched: https://bit.ly/3KhJ8iX
