US Issues New 120-day Waiver Letting Iraq Pay Iran for Electricity

July 18, 2023


Arshad Mohammed



Related Country: 

  • Iraq

The U.S. State Department issued a new 120-day waiver allowing Iraq to pay Iran for electricity imports. The waiver was expanded to allow Iraq to deposit its payments into non-Iraqi banks in third countries, although Iran will still need U.S. permission to access the funds and may only spend them on humanitarian goods.