The Biden administration is expected to grant approval for a sanctions waiver on Tuesday that would grant Iran access to a minimum of $10 billion in frozen funds previously held in Iraq.
This closely watched decision comes less than a month after the Tehran-backed terror group Hamas-back killed 1,200 Israelis in an attack.
Expiring tomorrow, the multibillion-dollar sanctions relief that was initially granted in July would be extended by the waiver. It permits Iraq to transfer electricity payments that have been suspended into bank accounts owned by Iran in Europe and Oman.
Concerns are being raised regarding the Biden administration’s provision of financial channels for Tehran, whose terrorist proxies sow chaos throughout the Middle East.
Referring to Hamas’s attack last month, Richard Goldberg, a senior adviser at the Foundation for Defense of Democracies and sanctions expert who formerly served on the White House National Security Council, told the Washington Free Beacon:
“The world is living in a post-Oct. 7 world, but the White House is still running an Oct. 6 policy toward Iran. Why should Iran have any access to more than $10 billion after sponsoring one of the worst terrorist attacks against American citizens and the worst massacre