The Trump administration has revoked Iraq’s waiver to purchase electricity from Iran, compelling Iraq to find alternative energy sources and work towards energy self-sufficiency.
The Trump administration has concluded its waiver that previously permitted Iraq to acquire electricity from Iran. This decision has significant implications for Iraq, which relies heavily on Iranian energy imports. The country has expressed its commitment to achieving energy self-sufficiency and is expected to explore alternative energy sources.
In summary, the termination of the waiver by the Trump administration poses challenges for Iraq’s energy sector, compelling the nation to pursue energy independence. This transition will necessitate strategic planning and resource allocation to mitigate the impact of this policy change.
Original Source: www.marketscreener.com
