The U.S. is reviewing all sanctions waivers that provide Iran economic relief and is urging Iraq to reduce its energy dependence on Iran. This initiative is part of a broader strategy to isolate Iran economically and hinder its nuclear weapons development, following the restoration of the “maximum pressure” campaign under President Trump.
The United States is currently reviewing all sanctions waivers that grant Iran any form of economic relief, as stated by the U.S. State Department spokesperson, Tammy Bruce. This announcement was made during her initial briefing under President Donald Trump’s administration, addressing inquiries regarding the potential renewal of a waiver allowing Iraq to compensate Iran for electricity supplied.
Bruce indicated that there is no definitive information available concerning the extension of the electricity waiver, which is set to expire on March eighth. The review process aims to assess all existing waivers and their impact on Iran’s economic standing, while simultaneously urging the Iraqi government to reduce its reliance on Iranian energy sources swiftly.
The U.S. aims to marginalize Iran from the global economy and diminish its oil revenue, a strategic move intended to hinder Iran’s nuclear weapons development. This initiative to reinstate the “maximum pressure” campaign on Iran was prioritized by President Trump soon after he resumed office in late January.
The imposition of various sanctions on Tehran has been executed in response to its nuclear program and support for militant groups, essentially preventing nations engaging in commerce with Iran from accessing U.S. markets. Conversely, Iran relies heavily on Iraq to sustain its economy amid ongoing sanctions.
In summary, the U.S. is actively reviewing all sanctions waivers associated with Iran, aiming to reinforce economic restrictions. By urging Iraq to pivot away from Iranian energy, the U.S. underscores its commitment to isolating Iran financially. The efforts to restore the “maximum pressure” strategy reflect a broader objective of mitigating Iran’s capabilities regarding nuclear weapon development.
Original Source: www.tradingview.com
