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Impact of U.S. sanctions waiver on Iran's economy by Dec 31, 2024?
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Economic reports from institutions like the IMF or World Bank, and major financial news outlets
Story
Biden-Harris Admin Waived $10 Billion in Iran Sanctions After Trump's Victory
Dec 10, 2024, 03:13 PM
The Biden-Harris administration waived sanctions on Iran three days after Donald Trump's victory in the November election, providing Tehran access to upwards of $10 billion in once-frozen funds, according to a non-public order transmitted to Congress. This decision has sparked controversy, with critics arguing that it undermines U.S. foreign policy and potentially strengthens Iran's ability to engage in hostile activities. The sanctions relief was granted despite Iran's actions, including firing missiles at Israel, targeting U.S. assets, and threatening the Red Sea.
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