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Biden Unlocks Fresh Funds to Iran Totaling Billions
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 pay Iran for multibillion-dollar electricity purchases. This is the first time the Biden administration has renewed the waiver since the Iran-backed