https://www.wsj.com/articles/iran-10-billion-biden-administration-sanctions-iraq-israel-hamas-72bfc33a?mod=opinion_lead_pos3
After the Oct. 7 rampage by Hamas, which is armed and funded by Iran, many Americans wanted to know: Would President Biden still release $6 billion to Tehran? All six Senate Democrats up for re-election in competitive states joined Republicans in calling on the President to freeze the money.
Under pressure, the White House relented, signaling that it will block the $6 billion—for now—but evidently not because it has changed its mind on the wisdom of financing Iran. On Tuesday the State Department reissued a sanctions waiver that gives Iran access to more than $10 billion.
The waiver, first issued in July and now renewed for another four months, allows Iran access to revenue from Iran’s electricity shipments to Iraq. The State Department says this is necessary to keep the lights on in Baghdad. That oil-rich Iraq remains dependent on Iran for gas and electricity is its own scandal, but the excuse doesn’t wash.
The July waiver was part of an unwritten nuclear agreement with Iran. Giving Iran access to these billions could never pass Congress, so Mr. Biden bypassed it. The idea was to quiet the region until after the 2024 U.S. election.
How little peace the money has bought is clear. Even on the nuclear front, new United Nations inspector reports show that Iran’s stockpile of highly enriched uranium continues to grow, Reuters reported Wednesday. Iran now has enough for three nuclear bombs.