Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Biden admin extends $10B Iran sanctions waiver 2 days after Trump election win

by December 11, 2024
December 11, 2024

The Biden administration has renewed a controversial sanctions waiver that will allow Iran access to some $10 billion in payments from Iraq – an action that came just two days after President-elect Trump emerged victorious on Election Day.

Secretary of State Antony Blinken again extended the waiver for humanitarian trade, which permits Iran to access accounts in Iraq and Oman. However, Republican critics have said that allowing the Iranian regime access to these funds frees up money Iran can use to support terrorism in the Middle East or advance its nuclear program.

‘On November 7th, the department did renew Iraq’s electricity waiver for the 23rd time since 2018. It was done so for an additional 120 days,’ State Department spokesman Vedant Patel confirmed last week. 

‘We remain committed to reducing Iran’s malign influence in the region. Our viewpoint is that a stable, sovereign and secure Iraq is critical to these efforts,’ he added, pointing out that this sanctions waiver began in 2018 during the first Trump administration. 

Congress has passed several sanctions targeting Iran that give the president authority to temporarily suspend, or ‘waive’ the sanctions if the president determines doing so is in the interests of U.S. national security. 

The waiver is set to expire after Trump takes office in January. It is unclear whether the Trump administration would again extend the sanctions relief. The Trump transition team did not immediately respond to a request for comment.

House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, argued Tuesday that the sanctions waiver allows Iran to fund proxy terror groups that have attacked U.S. forces in the Middle East.

‘The House voted to eliminate these waiver authorities — twice. But the Biden administration is still waiving the sanctions, putting more money in the Iranian regime’s pockets to fund its terrorist proxies and nuclear weapons program,’ McCaul posted on X. 

‘The U.S. should not be subsidizing Iran’s malign activities.’ 

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Christmas rail travel at risk as staff shortages and strikes loom
next post
Biden, Democrats back away from bill that would give Trump more federal judges to appoint

You may also like

Dem Strategist On CNN Predicts Bad Night For...

November 8, 2022

Greene calls for yanking FDA approval of COVID-19...

March 21, 2025

Biden nominee for Israel ambassador Jack Lew advances...

October 26, 2023

WICKED: DOJ Releases Racy Text Messages Between Oath...

October 18, 2022

So long Fort Bragg, welcome Fort Liberty: The...

January 10, 2023

Stampede at Indonesian Soccer Match Leaves 129 Dead...

October 2, 2022

Abraham Lincoln Statue Vandalized With ‘Colonizer’ and ‘Land...

November 27, 2022

Democrats take aim at Trump after New Hampshire...

January 24, 2024

January 6 Police Snub McConnell, McCarthy During Congressional...

December 6, 2022

Trump meets with Italian PM Giorgia Meloni at...

January 5, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • LIZ PEEK: Hillary is finally paying dearly for dirty tricks that hurt Trump and American voters

      August 5, 2025
    • Shein fined €1m in Italy for misleading environmental claims

      August 5, 2025
    • Rail services cut in southern England as dry weather disturbs track stability

      August 5, 2025
    • Tesla’s UK sales slump nearly 60% in July amid market pressures

      August 5, 2025
    • Companies House confirms identity verification rollout to tackle fraud and phoenix firms

      August 5, 2025
    • Companies House confirms identity verification rollout to tackle fraud and phoenix firms

      August 5, 2025

    Categories

    • Business (8,675)
    • Investing (2,171)
    • Politics (16,299)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved