Biden admin gives Iran access to $10 billion

by ian

The U.S. is allowing Iran to access $10 billion in previously frozen assets.

According to an Associated Press report, the Biden administration extended a sanctions waiver on Iran for four months. This will allow the nation to access $10 billion in electricity revenues specifically meant for humanitarian aid. This will result in Iraq being allowed to continue purchasing electricity services from Iran as well.

Such a move has drawn sharp criticism, especially since Iran is the world’s biggest state sponsor of terrorism. It is also being critiqued in light of the recent attacks on U.S. service members in the Middle East by Iranian-backed proxies.

Richard Goldberg, a National Security Council official during the Trump administration, is one of the more prominent voices of opposition.

Taking to X, he lambasted what he called the “uniquely warped ideology to believe it’s in America’s interest to give Iran $10 billion one month after the worst massacre on Jews since the Holocaust.”