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Iraq gets new Sanctions Waiver to buy Iranian Energy

Iraq gets new Sanctions Waiver to buy Iranian Energy

The Trump administration has reportedly granted Iraq a further 90-day extension to the waiver exempting it from US sanctions on Iran.

CNBC quotes a senior State Department official as saying on condition of anonymity:

“While this waiver is intended to help Iraq mitigate energy shortages, we continue to discuss our Iran-related sanctions with our partners in Iraq.”

According to some energy analysts, without continued sanctions exemptions, Iraq could lose more than a third of its power overnight.