U.S. allows Iraq to import Iranian gas

7 min read
  1. The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to US sanctions.
  2. Iraq has had several extensions to the waiver after US reimposed sanctions on Iran’s oil sector forbidding countries from purchasing Iranian energy.
  3. Iraq relies heavily on Iranian energy for power supply to its deteriorating power grid that is in dire need of rehabilitation.
  4. Besides importing electricity from Iran,power plants in Iraq depends on Iranian natural gas to generate power.
  5. The US aims to put maximum economic pressure on Iran and through sanctions and it eventually aims to halt Iranian oil exports and thereby blocking its main source of revenue.

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