• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Iran ‘one to two weeks away’ from weapons-grade nuclear material as US continues sanctions relief

by July 20, 2024
written by July 20, 2024

U.S. Secretary of State Antony Blinken warned on Friday that Iran could produce fissile nuclear material in ‘one or two weeks’ as the State Department renews a sanctions waiver for Iraq to buy Iranian energy.

Critics were quick to blame the Biden administration for enabling Iran to pursue nuclear weapons by allowing the rogue nation to sell its oil. Biden reversed many of former President Trump’s tough sanctions against Tehran.

‘What’s breathtaking is the complete lack of self-awareness that it was his own maximum deference policy that brought us to this moment, and worse, that his solution is to double down on the failed appeasement strategy,’ Rich Goldberg, senior advisor at the Foundation for the Defense of Democracies and former Trump administration NSC official, told Fox News Digital.

‘Rather than snapping back the U.N. sanctions and testing maximum pressure, the administration just extended a sanctions waiver and is conducting indirect negotiations via Oman,’ Goldberg lamented. 

Blinken spoke this week at the annual Aspen Security Forum in Colorado, addressing Iran’s march toward a nuclear weapon and admitting that ‘instead of being at least a year away from having the breakout capacity of producing fissile material for a nuclear weapon, (Iran) is now probably one or two weeks away from doing that.’ 

Blinken blamed the collapse of the Joint Comprehensive Plan of Action (JCPOA) – commonly known as the Iran Nuclear Deal – for Iran’s accelerated development. He stressed that the U.S. has not seen any evidence to suggest Iran already has a nuclear weapon, Barrons reported. 

Iran’s acting Foreign Minister Ali Bagheri claimed that his country remained committed to the JCPOA, insisting that ‘America has not yet been able to return’ to the deal and that Iran seeks a return to the 2015 deal.

‘We are not looking for a new agreement,’ Bagheri told CNN earlier this week. ‘Neither I nor anyone else in Iran has not talked and will not talk about a new agreement. We have an agreement (signed) in 2015.’

Iran continues to receive sanctions relief through waivers that the U.S. has issued since the Trump administration in 2018, allowing Iraq to import energy from Iran for 120 days at a stretch. The latest renewal occurred on July 11 as Iraq suffered widespread power outages due to the unbearable heat overloading power grids across the country, MEHR News Agency reported. 

‘’We have renewed this waiver for the 22nd time, and it is about the department permitting Iraq to purchase Iranian electricity while Iraq continues to develop its domestic generation capacity,’’ US State Department Deputy Spokesperson Vedant Patel said at a press briefing.

‘’It is a waiver authority that allows the purchase of electricity over a certain period of time, in this case, 120 days, so it’s permission for an activity over a period of time,’’ Patel told Iraqi news outlet Rudaw. 

‘’We have, over the past decade, seen some measurable steps of Iraq weaning off Iranian electricity,’’ Patel added. ‘Currently, we anticipate that they are relying on Iran for about 25% of their electricity. A number of years ago, that number was 40%.’

Blinken reiterated this point, saying that Iraq has doubled its domestic output, but many American politicians remain concerned that Iran benefits from these waivers and have used the funds to help continue developing their nuclear weapons program. 

The Biden administration insists that the funds remain out of reach for the Iranian government, instead funneling through third-party ‘restricted accounts’ that can only purchase food, medicine, medical devices, agricultural product and other non-sanctionable transactions.

Critics, however, argue that it displaces funding requirements for Iran and frees up the country’s spending so that money it would have otherwise put towards those purchase now goes toward funding its proxy groups and developing nuclear weapons. 

‘Let’s be honest with the American people and understand that Hamas knows, and Iran knows they’re moving money around as we speak, because they know $6 billion is going to be released. That’s the reality,’ Nikki Haley said last year when news broke that the State Department had agreed to release funds in exchange for U.S. prisoners in September. 

Behnam Ben Taleblu, a senior fellow at the Foundation for Defense of Democracies with a focus on Iranian security and political issues, told Fox News Digital that the Biden administration has remained on ‘auto-pilot’ and pursued ‘short-sighted’ policies when it comes to Iran, at their own peril. 

‘With stories about Iran-backed plots to kill the former president and reports of weaponization related work in Tehran, the last thing Washington should be green-lighting is yet another waiver extension that permits the Islamic Republic to free up revenues to continue to underwrite more global terror and domestic nuclear expansion,’ Taleblu said. ‘It’s one thing to see the need to help wean Baghdad off of Tehran and Iranian electricity and energy, but it’s another to continue to use this as a crutch for a better policy towards both Iraq and Iran.’ 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Democrats plot coup to ‘save democracy,’ but what happens if they fail?
next post
Kamala Harris reassures Democratic Party donors that there’s nothing to worry about

related articles

Trump pauses oil exec summit to peek at...

January 9, 2026

Grassley presses FBI over Trump Arctic Frost probe...

January 9, 2026

Key Republican negotiator details bipartisan Obamacare fix as...

January 9, 2026

Russia fires new hypersonic missile in massive Ukraine...

January 9, 2026

DAVID MARCUS: How Trump’s team of former rivals...

January 9, 2026

Trump’s Venezuela push runs into hard realities for...

January 9, 2026

Inside the sea war to contain ‘dark fleet’...

January 9, 2026

GOP senator blocks Trump DHS nominees until Noem...

January 9, 2026

‘Tip of the iceberg’: Senate Republicans press Gov...

January 9, 2026

President Trump says there won’t be a ‘second...

January 9, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Progressive Dems rage at Biden for giving Trump the spotlight during final weeks in office

    December 9, 2024
  • Sens Fetterman and McCormick show Washington how to work together again

    June 2, 2025
  • MIKE DAVIS: Why Trump’s blue slip blues aren’t Grassley’s fault

    December 21, 2025
  • Kamala Harris’ campaign criticizes Trump for serving ‘self-obsessed rich guys’ after interview with Elon Musk

    August 13, 2024
  • Former British PM embraces ‘Trump-style revolution’ while blasting BBC and Bank of England

    December 12, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,391)
  • Investing (804)
  • Stock (964)

Latest Posts

  • Crude oil prices surge for fifth consecutive day, exceeding $77 amid Pentagon’s Middle East deployment

    August 12, 2024
  • In one of last speeches in office, Biden attempts to rehabilitate image of late segregationist Strom Thurmond

    January 6, 2025
  • Israel slams Palestinian ‘deception scheme’ over claim it halted terror rewards program

    February 11, 2025

Recent Posts

  • Controversial office vacant for first time in nearly a decade, but emerging secrets haunt those involved

    May 21, 2025
  • Iran’s long trail of deception fuels skepticism over new nuclear deal as talks continue

    April 19, 2025
  • Trump, Congress looking to put suffocating sanctions on ‘kangaroo’ ICC over Netanyahu arrest warrant

    November 26, 2024

Editor’s Pick

  • NTSB grills Boeing execs on safety culture and retaliation allegations

    August 8, 2024
  • SEN BERNIE SANDERS: Two Americas, the people vs. the billionaires

    December 27, 2024
  • Morning Glory: How bad could a Kamala Harris presidency be?

    August 15, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock