The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Politics

Iran ‘one to two weeks away’ from weapons-grade nuclear material as US continues sanctions relief

by admin July 21, 2024
July 21, 2024
Iran ‘one to two weeks away’ from weapons-grade nuclear material as US continues sanctions relief

U.S. Secretary of State Antony Blinken warned on Friday that Iran could produce fissile nuclear material in ‘one or two weeks’ as the State Department renews a sanctions waiver for Iraq to buy Iranian energy.

Critics were quick to blame the Biden administration for enabling Iran to pursue nuclear weapons by allowing the rogue nation to sell its oil. Biden reversed many of former President Trump’s tough sanctions against Tehran.

‘What’s breathtaking is the complete lack of self-awareness that it was his own maximum deference policy that brought us to this moment, and worse, that his solution is to double down on the failed appeasement strategy,’ Rich Goldberg, senior advisor at the Foundation for the Defense of Democracies and former Trump administration NSC official, told Fox News Digital.

‘Rather than snapping back the U.N. sanctions and testing maximum pressure, the administration just extended a sanctions waiver and is conducting indirect negotiations via Oman,’ Goldberg lamented. 

Blinken spoke this week at the annual Aspen Security Forum in Colorado, addressing Iran’s march toward a nuclear weapon and admitting that ‘instead of being at least a year away from having the breakout capacity of producing fissile material for a nuclear weapon, (Iran) is now probably one or two weeks away from doing that.’ 

Blinken blamed the collapse of the Joint Comprehensive Plan of Action (JCPOA) – commonly known as the Iran Nuclear Deal – for Iran’s accelerated development. He stressed that the U.S. has not seen any evidence to suggest Iran already has a nuclear weapon, Barrons reported. 

Iran’s acting Foreign Minister Ali Bagheri claimed that his country remained committed to the JCPOA, insisting that ‘America has not yet been able to return’ to the deal and that Iran seeks a return to the 2015 deal.

‘We are not looking for a new agreement,’ Bagheri told CNN earlier this week. ‘Neither I nor anyone else in Iran has not talked and will not talk about a new agreement. We have an agreement (signed) in 2015.’

Iran continues to receive sanctions relief through waivers that the U.S. has issued since the Trump administration in 2018, allowing Iraq to import energy from Iran for 120 days at a stretch. The latest renewal occurred on July 11 as Iraq suffered widespread power outages due to the unbearable heat overloading power grids across the country, MEHR News Agency reported. 

‘’We have renewed this waiver for the 22nd time, and it is about the department permitting Iraq to purchase Iranian electricity while Iraq continues to develop its domestic generation capacity,’’ US State Department Deputy Spokesperson Vedant Patel said at a press briefing.

‘’It is a waiver authority that allows the purchase of electricity over a certain period of time, in this case, 120 days, so it’s permission for an activity over a period of time,’’ Patel told Iraqi news outlet Rudaw. 

‘’We have, over the past decade, seen some measurable steps of Iraq weaning off Iranian electricity,’’ Patel added. ‘Currently, we anticipate that they are relying on Iran for about 25% of their electricity. A number of years ago, that number was 40%.’

Blinken reiterated this point, saying that Iraq has doubled its domestic output, but many American politicians remain concerned that Iran benefits from these waivers and have used the funds to help continue developing their nuclear weapons program. 

The Biden administration insists that the funds remain out of reach for the Iranian government, instead funneling through third-party ‘restricted accounts’ that can only purchase food, medicine, medical devices, agricultural product and other non-sanctionable transactions.

Critics, however, argue that it displaces funding requirements for Iran and frees up the country’s spending so that money it would have otherwise put towards those purchase now goes toward funding its proxy groups and developing nuclear weapons. 

‘Let’s be honest with the American people and understand that Hamas knows, and Iran knows they’re moving money around as we speak, because they know $6 billion is going to be released. That’s the reality,’ Nikki Haley said last year when news broke that the State Department had agreed to release funds in exchange for U.S. prisoners in September. 

Behnam Ben Taleblu, a senior fellow at the Foundation for Defense of Democracies with a focus on Iranian security and political issues, told Fox News Digital that the Biden administration has remained on ‘auto-pilot’ and pursued ‘short-sighted’ policies when it comes to Iran, at their own peril. 

‘With stories about Iran-backed plots to kill the former president and reports of weaponization related work in Tehran, the last thing Washington should be green-lighting is yet another waiver extension that permits the Islamic Republic to free up revenues to continue to underwrite more global terror and domestic nuclear expansion,’ Taleblu said. ‘It’s one thing to see the need to help wean Baghdad off of Tehran and Iranian electricity and energy, but it’s another to continue to use this as a crutch for a better policy towards both Iraq and Iran.’ 

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Democrats plot coup to ‘save democracy,’ but what happens if they fail?
next post
What Trump’s narrow edge over Biden could mean for campaign after president ends re-election bid

Related Posts

Netanyahu calls Trump Israel’s ‘greatest friend’ as final...

October 13, 2025

Elon Musk says federal employees must fill out...

February 23, 2025

Putin ally warns ‘titanic efforts’ are underway to...

August 11, 2025

Margin of error race between Harris and Trump...

September 3, 2024

Grassley, Johnson press DOJ IG to respond on...

April 17, 2025

Project 2025 remains nonpartisan, true to 1980s good-gov’t...

September 3, 2024

Trump handed ‘opportunity to save Medicare’ after Biden...

February 4, 2025

Obama takes subtle swipe at Vance while praising...

August 7, 2024

Election night winners and losers: 2024 edition

November 7, 2024

JD Vance calls Trump’s offer to debate Harris...

August 4, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • The Real Drivers of This Market: AI, Semis & Robotics

      November 20, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      November 20, 2025
    • Trump says officials who pushed climate change doomsday policies should be investigated: ‘Rewarded failure’

      November 20, 2025
    • GOP bill brewing in House reforming civil litigation sparks opposition from conservative groups

      November 20, 2025
    • AT&T gave Jack Smith then-House Speaker McCarthy’s personal cellphone records amid J6 investigation

      November 20, 2025
    • Epstein files to go public as Trump says he signed law authorizing release of records

      November 20, 2025

    Categories

    • Business (1,431)
    • Politics (5,073)
    • Stocks (1,781)
    • Uncategorized (45)
    • World News (1,424)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved