The last relaxation of US sanctions imposed by Iran on Iraq

Baghdad is given a month-long deadline to end trade ties with Tehran

Baghdad is given a month-long deadline to end trade ties with Tehran

Washington … News Time

The United States has extended Iraq’s last 30 days to ease sanctions imposed on Baghdad because of its pursuit of energy and fuel with Iran. Washington gives Iraq deadline to stop fuel purchases from Iran in November last year, US officials say however, the Iraqi government has failed to cut its trade ties with Iran. In this regard, the United States once again granted Baghdad a one-month deadline to end trade relations with Tehran. The US decided in February to allow Iraq to continue importing gas and electricity from Iran. According to Iraqi officials, the exemption period has been reduced from 90 and 120 days to 45 days. Now only 30 days are left until the end of April.

A statement from the Iraqi president’s office said the expansion would be the “last respite” granted to Iraq. Iran stands on the brink of economic downturn due to falling oil prices in the global market and economic sanctions imposed by the US. This could reduce oil revenues by 65 percent, which is 90 percent of the country’s fiscal year budget. A senior Iraqi official told AFP that Baghdad had not fulfilled any conditions since November.

He added that the concession should have been canceled as a result, but due to current circumstances, the US deadline has been extended one more month.

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