The decision to expiry the Iraq exemption at its expiration “will ensure that we do not allow the degree of Iran’s economic or financial relief,” the spokesman added that Trump’s campaign on Iran “will end the nuclear threat, cut ballistic missile programs and stop supporting terrorist groups.”
On Saturday, Iraq’s power ministry announced that Baghdad is working to obtain a new Washington exemption and that alternative measures have been taken if another exemption is not provided, Reuters reported.
Currently, around 80% of Iraq’s power generation is dependent on natural gas, and the country relies heavily on Iran’s imports to maintain its power grid.
In July 2022, Iraq signed a five-year contract with Iran, importing 400 megawatts of electricity.
In March 2024, another agreement was reached to increase Iran’s gas imports to 50 million cubic meters per day. This was valued at around $6 billion a year.
MA/PR