Biden Mulls Approval of Fresh $10 Billion for Iran

[Valin]

The Daily Signal

Sanctions waiver frees up money for Tehran as it funds Hamas’s war on Israel
Adam Kredo    
November 13, 2023

The Biden administration may approve a sanctions waiver on Tuesday that will allow Iran to access at least $10 billion in previously frozen funds held in Iraq, a closely watched decision that comes just a month after the Tehran-backed terror group Hamas launched an attack on Israel that left 1,200 dead.

The waiver would extend the multibillion-dollar sanctions relief first issued in July that expires tomorrow. It allows Iraq to transfer frozen electricity payments into Iranian-owned bank accounts in Europe and Oman. The waiver renewal is driving concerns that the Biden administration is maintaining financial avenues for Tehran as the country’s terrorist proxies foment chaos across the Middle East.

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Iranian leaders in recent days have emphasized the importance of the electricity payments, reportedly telling Omani leaders they should "accelerate the use of these new foreign exchange resources" and signaling the regime is relying on the Biden administration to continue freeing up this cash.

The State Department declined to comment on the sanctions waiver or confirm whether it will be renewed this week.