Iran received $10 billion in cash and gold as sanctions relief — Obama admin. denies direct role

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The Obama administration reportedly signed legal waivers that allowed sanctions relief to the tune of $10 billion in cash and gold to be sent to Iran as part of the Iran deal. But the White House denies that they had any direct role in the payments.

According to the Wall Street Journal, the cash and gold were moved through third-party countries in the Middle East and Europe after Asian nations unfroze Iranian oil revenues and wired the funds to various banks, including in Oman, Switzerland and Turkey. U.S. lawmakers and Middle East allies worry, due to the highly liquid nature of cash, the payments could be used to fund terror regimes. – READ MORE

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