U.S. gives Iraq maximum timeframe in sanctions waiver extension
Biden administration grants Iraq another 120 days to purchase gas and power from Iran as it continues to build out alternative supplies for vital energy needs.
Then-U.S. Vice President Joe Biden meets with then-Iraqi President Fouad Massoum at the United Nations on Sept. 26, 2014. (SPENCER PLATT/Getty Images)
The U.S. has granted Iraq a 120-day waiver to avoid penalties for buying natural gas and electricity from Iran, as the Biden administration takes a more lenient stance than the Trump administration.
This is the first official test of President Joe Biden's diplomacy with Iraq over Iran, following the Trump administration's withdrawal from the Iran nuclear deal and subsequent resumption of sanctions, which put Baghdad in the crosshairs since it relies on Iran for energy supplies.
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