Iran has between $10 billion and $11 billion in funds andenergy receivables held or owed in Iraq, Central Bank of Iran Governor AbdAl-Naser Hemmati announced on Thursday.
Part of the money has already been used to purchaseessential goods, but transfer restrictions continue to “limit [Tehran’s]access” to the remainder.
Iraq pays Iran $4 billion to $5 billion annuallyfor gas, according to Iraqi energy officials cited by Reuters in March 2025.Then-Electricity Minister Ziyad Ali Fadel estimated that losing Iranian gaswould cut about one-third of Iraq’s 27,000 MW electricity output.
Read more: $24 billion frozen asset dispute blocks final US-Iran agreement
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