U.S. grants Iraq waiver over sanctions on Iran

Iraq imports crucial supplies from its neighbor including uses gas for power stations.

By REUTERS
November 2, 2018 20:18
A poster for an Iranian-backed Shia militia in Iraq, one of many the US sees as proxies is Tehran.

A poster for an Iranian-backed Shia militia in Iraq, one of many the US sees as proxies is Tehran.. (photo credit: SETH J. FRANTZMAN)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

BAGHDAD, Nov 2 - The United States has told Iraq that it will be allowed to keep importing crucial gas, energy supplies and food items from Iran after Washington reimposes sanctions on Tehran's oil sector, three Iraqi officials said on Friday.

The waiver is conditional on Iraq not paying Iran for the imports in US dollars, said the officials, who included a member of Iraq's ministerial committee that oversees energy activities. The US sanctions take effect on Nov. 4.

The ministerial committee official said Iraq's finance ministry had set up an account with a state-run bank where Baghdad would deposit in Iraqi dinars the amounts owed to Iran for the imports.

Central bank officials said in August that Iraq's economy is so closely linked to Iran that Baghdad would ask Washington for permission to ignore some US sanctions.

Iraq imports crucial supplies from its neighbor including uses gas for power stations.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Egyptian Army's Armoured Vehicles are seen on a highway to North Sinai during a launch of a major as
July 18, 2019
Two killed in suicide bombing, four beheaded in Sinai, sources say

By REUTERS

Cookie Settings