US extends Iraq sanctions waiver for further 3 months

The US has granted Iraq a three-month extension to a sanctions waiver allowing it to import Iranian gas, an Iraqi official told AFP Monday. The move represents a welcome reprieve for a country that relies heavily on its neighbour for energy supplies. Iraq buys gas and electricity from Iran to supply about a third of its power sector, worn down by years of conflict and poor maintenance and unable to meet the needs of the country’s 40 million population. Read also: Iran hardens nuclear stance after assassination The US blacklisted Iran’s energy industry in late 2018 as it ramped up sanctions, bu…

Read More

HEDGE accordingly