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Iranian intel agents sought to kidnap American journalist Secretary of State Antony Blinken / Getty Images Adam Kredo • July 13, 2021 7:56 pm
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The State Department informed Congress late Tuesday that it would waive sanctions on Iran s illicit oil trade so that the country can access frozen funds from South Korea and Japan, the same day the Department of Justice announced charges on an Iranian spy network that sought to kidnap an American.
The waiver, signed by Secretary of State Antony Blinken, allows the transfer of Iranian funds in restricted accounts to exporters in Japan and the Republic of Korea, according to a notification sent to Congress by the State Department. The waiver allows Iranian money that had been frozen as a result of American sanctions to be freed up without violating the law. Allowing these funds to be used to repay exporters in these jurisdictions will make those entities whole with respect to the goods and services they exported to Iran, add
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(Bloomberg) President Joe Biden’s team is beginning to grapple with the possibility that the 2015 nuclear accord with Iran he promised to revive may soon be beyond saving.
Hopes for a quick re-entry to the accord that Donald Trump abandoned have dimmed after six rounds of negotiations in Vienna, with little sign of when a seventh might start. The stalemate is compounded by Iran’s technological advances and the election of a new hard-line president, raising doubt about whether the agreement reached in 2015 would be sufficient to constrain the country’s nuclear ambitions anymore.
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