Biden, Iran's Ali Khamenei (Win McNamee and Majid/Getty Images)
Psalms 83: 1-5 O God, do not keep silence; do not hold your peace or be still, O God! 2 For behold, your enemies make an uproar; those who hate you have raised their heads. 3 They lay crafty plans against your people; they consult together against your treasured ones. 4 They say, “Come, let us wipe them out as a nation; let the name of Israel be remembered no more!” 5 For they conspire with one accord; against you they make a covenant
Important Takeaways:
- The Biden administration on Tuesday reapproved a sanctions waiver that will allow Iran to access upward of $10 billion in frozen assets, the State Department confirmed to the Washington Free Beacon.
- The sanctions waiver, which was set to expire today after first being authorized for a period of 120 days in July, allows Iraq to transfer payments for multibillion-dollar electricity imports from Iran into accounts outside of the country that can be used by Tehran.
- While Iran can only use the funds related to the sanctions waiver for the purchase of humanitarian goods, critics of the administration’s policy argue that by freeing up this cash, Iran can allocate other financial resources to its global terrorism operation, which has been in overdrive since Hamas’s October 7 attack on Israel. Analysts place the amount of cash accessible by Iran at upward of $10 billion
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