United States Permits Iran to Receive Billions in Iraqi Payments

Despite the Iranian regime’s money and weapons enabling its proxy Hamas to attack Israel on October 7 and take and hold at least nine Americans hostage, as well as ongoing Iranian-backed attacks on U.S. forces in Iraq and Syria, on November 13, the United States granted a sanctions waiver to several countries – enabling Iran to access billions of dollars-worth of payments from Iraq for energy. The United States took extra and unusual steps to allow Iran’s access to these payments in Euros instead of the typical Iraqi Dinar. Additional reports indicate China may now be helping the Iranian regime launder these funds for nefarious purposes. Congress should rescind these waivers and help Iraq expedite its efforts to wean itself off Iranian energy.