The Trump administration has ended a waiver permitting Iraq to buy Iranian electricity, reinforcing its “maximum pressure” policy on Iran. National Security Advisor Mike Waltz encouraged Iraq to achieve energy independence and collaborate with U.S. energy companies. The termination could significantly impact Iraq’s electricity supply if extended to gas imports. The U.S. retains substantial influence over Iraq amidst its ongoing efforts to restrict Iran’s oil exports.
The Trump administration has terminated a waiver that permitted the Iraqi government to purchase Iranian electricity, reinforcing its “maximum pressure” strategy against Iran. National Security Advisor Mike Waltz conveyed this decision to Iraqi Prime Minister Mohammed Shia al-Sudani, emphasizing the administration’s objective to thwart Iran’s potential acquisition of nuclear arms. He commended Iraq’s efforts towards achieving energy independence and urged the inclusion of more Western and U.S. energy firms in the oil and gas sectors.
In addition, Waltz pressed the Iraqi government to resolve ongoing disputes with the Kurdistan Regional Government concerning oil flow to Turkey. If these restrictions were widened to encompass gas supplies for power generation, it could result in a 30% reduction in Iraq’s electricity supply, as stated by Iraq’s Ministry of Electricity spokesperson, Ahmad Moussa.
Historically, Trump first instituted the sanctions waiver when initiating his “maximum pressure” campaign against Iran. This waiver primarily pertained to electricity, with Iraqi dependence on Iran decreasing significantly. However, former President Joe Biden extended this waiver until its recent expiration.
The United States maintains substantial influence over Iraq, holding $100 billion of its reserves. The U.S. also has about 2,500 military personnel stationed in Iraq to assist in the fight against ISIS. While the Trump administration escalates its approach towards Iran, there are signals of a willingness to engage in negotiations. Trump previously stated his preference for a deal over military intervention, whilst acknowledging Iran’s advancements in uranium enrichment.
As the U.S. endeavors to restrict Iran’s oil exports further, it also aims to revoke the sanctions waiver on the Chabahar port, crucial for Indian investments aimed at enhancing trade links with the Middle East.
In summary, the termination of the waiver allowing Iraqi electricity purchases from Iran signifies a pivotal element of the Trump administration’s strategy to curb Iran’s nuclear ambitions and oil revenues. National Security Advisor Waltz underscores the importance of energy independence for Iraq while advocating for increased cooperation with U.S. energy firms. The U.S. continues to leverage its financial influence over Iraq in pursuit of broader geopolitical goals regarding Iran.
Original Source: www.foxnews.com
