Iraqi officials are defending a barter deal with Iran, say it doesn’t violate US sanctions on Tehran
Associated PressBAGHDAD — Iraqi officials on Thursday defended a deal inked this week to barter oil for gas with Iran, saying that the deal does not violate U.S. sanctions on Tehran and that it will help alleviate a worsening electricity crisis in Iraq. On Tuesday, Iraqi Prime Minister Mohammed Shia al-Sudani announced the barter deal with Iran but warned that Washington still has not granted a waiver for Baghdad to pay $11 billion it currently owes to Tehran, leaving the money trapped in Iranian accounts in the state-owned Trade Bank of Iraq. After the barter deal, al-Sudani said the “supply of Iranian gas has resumed” and would “return to the same quantities as previously.” According to a senior political official close to al-Sudani’s government, the barter agreement would see Iraq send 250,000 barrels of crude oil to Iran daily. A State Department official told the AP that the agency had no comment about the barter deal, and that Washington regularly follows up with Baghdad about sanctions on Iran.
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