Listen to this article

U.S. Ends $10 Billion Sanctions Waiver for Iraq's Purchase of Iranian Electricity; Abbas Araghchi Calls It 'Deplorable'

18 posts • ChatGPT (GPT-4o mini)

Updated Mar 12, 2025, 07:15 PM

The U.S. administration has decided not to renew a $10 billion sanctions waiver that allowed Iraq to purchase electricity from Iran, a move described as part of a 'maximum pressure' campaign against the Iranian regime. This decision has raised concerns in Iraq, where officials are now seeking alternatives to Iranian gas and electricity to meet the country's energy needs. Iranian Foreign Minister Abbas Araghchi criticized the U.S. action, stating it targets innocent Iraqi citizens by depriving them of basic services like electricity, especially as the country approaches the hot months of the year. In response to the U.S. decision, Iraqi officials, including Prime Minister Mohammed Shia' al-Sudani, are exploring options for energy imports from other countries, including Qatar and Algeria. The U.S. has previously pressured Iraq to reduce its energy ties with Iran, and failure to comply with the new restrictions could lead to further economic sanctions or measures from Washington.

More breaking stories on DeepNewz — updated live.

#Iraq #Iran #Iranian #Abbas Araghchi #Iraqi #Qatar #Algeria #Washington

Related Prediction Markets

US military action against Iran before April?

Israeli military action against Iran by Friday?

Israel military action against Iran in March?

•

View market suggestions→

Sources

newarab.com(3)orfonline.org(2)bloomberg.com(2)reuters.com(2)

FDD's Iran Program

@FDD_Iran

Trump Ends Sanctions Waiver on Iraq’s Purchase of Iranian Electricity New insights from Behnam Ben Taleblu & @SGhasseminejad: https://t.co/ztaXU39PJf

ORF

@orfonline

#Energy is set to play a central role in #US geopolitical strategy, with #Trump’s policies leveraging #LNG #exports and #sanctions to strengthen #Washington’s global influence: @manishvaidcapri https://t.co/ZROu04Y49Q