US extends sanctions waiver for Iraq to import Iranian gas and powerChristian Fernsby ▼ | June 16, 2019
The United States has reportedly granted Iraq another sanctions waiver to continue importing crucial Iranian gas needed by Baghdad to stop massive blackouts across the country.
Asia Iranian gas
Iraq is heavily reliant on Iranian gas to keep the lights on at home due to a massive shortfall in electricity production compared to demand. With the long hot summer just starting, Baghdad fears that a loss of Iranian supplies could lead to instability. Although Iraq is looking to fix its damaged infrastructure, there are few fast options.
The US granted waivers to several countries that relied heavily on Iranian oil and gas when it reimposed sanctions on Tehran last year but did not renew the waivers in May this year. ■