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

Trump admin ends waiver allowing Iraq to buy Iranian electricity as part of ‘maximum pressure’ campaign

by March 10, 2025
written by March 10, 2025

The Trump administration ended a waiver that allowed the Iraqi government to buy Iranian electricity in a renewed effort to choke off Iran’s profits.

National security advisor Mike Waltz told Iraqi Prime Minister Mohammed Shia al-Sudani that the end of the waiver was consistent with President Donald Trump’s ‘maximum pressure’ campaign on Iran as the administration goes all-in on trying to prevent the regime from acquiring a nuclear weapon.

‘Waltz welcomed the Iraqi Prime Minister’s efforts to achieve energy independence for Iraq, and encouraged the Iraqi government to welcome more western and U.S. energy companies into Iraq’s oil and gas sectors.’ 

Waltz also urged the Iraqi government to resolve its dispute with the Kurdistan Regional Government, where Iraq has been choking off the flow of oil from the Kurdistan region in Iraq to Turkey for years, allowing the region’s continued dependence on Iranian oil. 

It is part of a global push to boost oil supply and keep prices in check, in an effort that would starve Iran and Russia of fuel profits. 

‘The National Security Advisor urged the Iraqi government to work with the Kurdistan Regional Government to address remaining contract disputes and pay arrears owed to U.S. energy companies, and also requested that the Iraqi government retain an investment coordinator to work with U.S. companies seeking to invest and operate in Iraq,’ according to a readout of Waltz’s call with the prime minister. 

Trump first issued the sanctions waiver for Iraq when he began applying ‘maximum pressure’ on Iran during his first administration.

The waiver only applied to electricity, where Iraqi reliance on Iran has precipitously fallen to just 4%. If the new move expanded to include gas used for power plants, however, it ‘would cause Iraq to lose more than 30% of its electricity energy,’ according to a spokesperson for Iraq’s Ministry of Electricity, Ahmad Moussa, who said the nation is searching for alternatives. 

‘There are two ways Iran can be handled – militarily, or you make a deal. I would prefer to make a deal…’ – President Donald Trump

Former President Joe Biden continuously renewed the waiver until its expiration on Saturday. 

The U.S. has significant leverage over Iraq – $100 billion of its reserves are held in the U.S., and Washington could wield that leverage amidst Iran’s increasingly firm grip over Iraqi leadership. The U.S. still has a military presence of about 2,500 personnel stationed in Iraq to help fight ISIS. 

Trump revealed he sent a letter to Iranian Supreme Leader Ayatollah Ali Khamenei, pushing for Tehran to agree to a nuclear agreement — or face military consequences.

‘I’ve written them a letter, saying I hope you’re going to negotiate because if we have to go in militarily it’s going to be a terrible thing for them,’ Trump told FOX Business on Friday. ‘There are two ways Iran can be handled – militarily, or you make a deal,’ Trump said. ‘I would prefer to make a deal, because I am not looking to hurt Iran.’

According to nuclear experts, Iran is already enriching uranium to 60%, putting it mere days or weeks away from 90% weapons-grade supply.

On Saturday, Ayatollah Ali Khamenei said Iran would not negotiate with ‘bullying countries.’ 

Iran currently exports an average of 1.5 million barrels of oil per day, but under Trump’s Feb. 6 executive order, the secretaries of State and Treasury are to work to ‘implement a campaign aimed at driving Iran’s oil exports to zero.’ 

The U.S. is also working to end a sanctions waiver for the Chabahar port in Iran, where India has poured in $370 million to build a trading gateway to the Middle East. 

Next, the U.S. could set its sights on China, which buys up 90% of Iran’s oil outflow. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Lithuanian defense minister: Only way to negotiate with Russia is with a ‘gun on the table’
next post
Sec Rubio says purge of USAID programs complete with 83% gone, remainder now falling under State Dept

related articles

Democrats project doom and gloom, not celebration, with...

July 5, 2025

Xi Jinping’s surprise no-show at BRICS Summit fuels...

July 5, 2025

Iran regime escalates repression toward ‘North Korea-style model...

July 4, 2025

This July 4th, a family waits: American hostage’s...

July 4, 2025

President Trump to honor Iran strike flight team...

July 4, 2025

North Korea lashes out after Trump DOJ exposes...

July 4, 2025

Saudi defense minister secretly meets with Trump to...

July 4, 2025

Trump administration swarms SCOTUS with emergency requests and...

July 4, 2025

Trump administration torpedoes SCOTUS with emergency requests and...

July 3, 2025

Mike Johnson touts ‘beauty of unified government’ after...

July 3, 2025
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

  • Jet fuel prices fall to $2.39: How this affects your airline ticket prices and aviation industry trends

    July 25, 2024
  • Trump ups his ante with September fundraising haul

    October 2, 2024
  • PlayDoge Game – Get The Latest News and much more

    September 17, 2024
  • The plane that crashed in South Korea is one of the world’s most popular aircraft

    January 2, 2025
  • Rep. Marjorie Taylor Greene to vote for Johnson after seeking to oust him from speakership last year

    January 3, 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

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

    December 4, 2024
  • 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

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,251)
  • Investing (634)
  • Stock (832)

Latest Posts

  • CEOs want workers back in offices—this company is giving workers a $10,000 raise to do it

    February 21, 2025
  • Trump’s ‘two sexes’ executive order comes on heels of SCOTUS accepting another challenge to LGBT agenda

    January 25, 2025
  • Chipotle has been on a hot streak with customers

    July 25, 2024

Recent Posts

  • Inside the late-night drama that led to Trump’s tax bill passing by 1 vote

    May 30, 2025
  • Gold and Silver: Gold is pulling back from this morning

    August 5, 2024
  • DAVID MARCUS: Time for Trump to make a real estate deal for Greenland

    March 29, 2025

Editor’s Pick

  • How crazy popcorn buckets became big business for movie theaters

    February 19, 2025
  • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

    June 6, 2025
  • Biden expected to leave Trump letter, continuing tradition since Reagan

    January 20, 2025
  • 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