Sudani said Iran had cut gas exports to Iraq by more than 50% as of July 1 after Baghdad failed to secure U.S. approval to disburse owed funds, but Tehran had now agreed to resume gas exports in exchange for crude oil.
Iraq has had trouble paying for those imports. It owes Iran around 11 billion euros in outstanding debts, Sudani said, and struggles to pay due to U.S. sanctions that only allow Iran to access funds to buy non-sanctioned goods, such as food and medicine. "We can't for the next two or three years come to citizens every summer and tell them: 'They stopped the gas, they started the gas'," he said.
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