Irked US squeezes Iraq with cash delays, short waivers

Al-Monitor | Feb 15, 2020 at 4:07 AM
  • Irked by Iraq’s close ties to neighbouring Iran, Washington has begun following through on threats to squeeze Baghdad’s fragile economy with delays to crucial cash deliveries and shortened sanctions waivers.
  • This week, the US granted Iraq last-minute leave to import Iranian gas for its crippled power grids, despite American sanctions on Tehran.
  • And if the sanctions waiver expires, Iraq would have to either stop buying Iranian gas and face sweeping power cuts, or keep importing and risk US sanctions itself.