The Biden administration has extended a sanctions waiver that will grant Iran access to roughly $10 billion from Iraq in exchange for ‘electricity purchases’.
Back in September, the Biden administration unfroze $6 billion in assets for Iran, and one month later the largest single-day attack on Jews since the Holocaust was carried out by Iranian proxy terror group Hamas in Gaza. Now the Biden people say the two events have nothing to do with each other, but obviously, that’s not entirely accurate. The $6 billion may not have been spent on the Hamas attack on Israel, but certainly knowing the money was coming in emboldened Iran to push forward while they waited.
“And now will I shew thee the truth. Behold, there shall stand up yet three kings in Persia; and the fourth shall be far richer than they all: and by his strength through his riches he shall stir up all against the realm of Grecia.” Daniel 11:2 (KJB)
For the past forty years, Iran has operated an ‘Axis Of Resistance’ against the nation of Israel, funding and mobilizing terror groups like Hamas, Hezbollah, and the Palestinian Islamic Jihad to wage war on the Jews. The IDF has committed roughly 50% of their military to rout out Hamas as they recapture Gaza City, as the US military sits in the Mediterranean Sea on standby. It is the consistent weakness of the Biden administration in foreign policy and with Iran that created the atmosphere for the October 7th terror attack to take place. Biden treats the Iranians exactly the same way that the Obama administration did, and that emboldens and foments acts of Islamic terror. So let’s see what Iran will do with this $10 billion sanctions waiver, and whether or not they’ll spend it on ‘electricity purchases’ for the Iranian people.
FROM THE NY POST: The 120-day waiver, signed by Secretary of State Antony Blinken on Tuesday, is identical to one issued in July, but comes amid increased attacks against US forces by Iranian proxies and just over a month after Iran-backed terror group Hamas slaughtered 1,200 people in Israel on Oct. 7.
Under the conditions of the waiver, Iran will receive nearly $10 billion being held in escrow accounts in Iraq that may only be used for humanitarian trade, US officials told the Associated Press.
The waiver extension will also allow the Iranian regime to transfer the electricity payments to accounts in Oman, which can then be converted to other currencies for the Islamic Republic to purchase non-sanctioned products, according to the outlet. US officials noted that Blinken signed the waiver primarily because the Biden administration doesn’t want Iraq to be cut off from a critical source of energy. State Department spokesman Matthew Miller defended the waiver extension, arguing that the money “can only benefit the Iranian people.”
“They get their hands on zero additional dollars as a result of these waivers. Again, none of these funds are sent to Iran. They are held in third-party accounts outside Iran, and can be used only for humanitarian and other non-sanctionable purposes for the benefits of the Iranian people,” Miller said during a press briefing.
The State Department official also argued that Iran would continue “destabilizing activities” regardless of whether the waiver was issued.
US troops in Iraq and Syria have come under attack by Iranian proxies at least 55 times since Oct. 17, leaving some 59 personnel injured, according to the Pentagon.
In September, President Biden unfroze $6 billion in funds for Iran in exchange for the release of five American detainees. Iranian President Ebrahim Raisi promptly declared that Tehran would use the money “wherever we need it,” leading to concerns that the regime would spend the funds for nefarious purposes. READ MORE
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