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

When it gets serious: Biden, Congress poised to...

March 15, 2023

Taxpayers foot bill for $23M in DOJ investigations...

January 7, 2024

‘Higher electric bills’: Lawmakers warn of consequences surrounding...

January 12, 2023

Michigan Gov. Whitmer headed to Europe, WEF meeting...

January 11, 2023

JD Vance Responds to Opponent Tim Ryan’s Call...

September 18, 2022

German police raid homes connected to Hamas, pro-Palestinian...

November 24, 2023

Sen Ron Johnson suggests he may not run...

May 29, 2025

Mike Johnson mounts 20-state blitz to keep House...

August 5, 2024

Wisconsin Supreme Court candidates to debate March 21

March 7, 2023

LEAK: Trump Worker Told FBI About Moving Mar-a-Lago...

October 13, 2022

    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

    • Good Riddance to the Penny

      June 5, 2025
    • Oracle Fusion Testing: The UK Leader’s Playbook for Automation

      June 5, 2025
    • Blue state Republicans threaten rebellion if Senate changes key provision in Trump’s ‘big, beautiful bill’

      June 5, 2025
    • Ricketts, Fetterman team up for crackdown on China’s attempts to purchase US farmland

      June 5, 2025
    • Hamas working to ‘sabotage’ Trump-backed aid group with ‘fake news’: Israeli official

      June 5, 2025
    • Longtime Trump loyalist flips on GOP’s ‘big, beautiful bill’

      June 5, 2025

    Categories

    • Business (8,148)
    • Investing (2,009)
    • Politics (15,529)
    • Stocks (3,128)
    • 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