The Biden-Harris administration allowed the Iranian dictatorship access to $200 billion in oil profits, according to a Washington Free Beacon story published this week that included fresh government data.
Adam Kredo of The Free Beacon wrote:
“The release of a much-awaited U.S. government study on Iran’s oil trading in recent days brought to light the full financial cost of this sanctions relaxation. After four years of the Biden-Harris administration’s sporadic implementation of sanctions, the U.S. Energy Information Administration, a federal organization that keeps an eye on international markets, was required by law passed in April 2024 to publicly calculate Iran’s oil revenue. This represents one of the first official assessments of the country’s oil earnings.”
“According to the research, which was made public late last week, Iran earned $144 billion in revenue in the first three years of the Biden-Harris presidency. This includes $37 billion in 2021, a substantial increase over Tehran’s earnings of $16 billion in 2020—the final year of the Trump presidency. Oil revenue increased to $54 billion in 2022 and $53 billion in 2023, indicating that Tehran continued to trade petroleum at amounts that had never been seen before.”
“Iran is on pace for another huge year in 2024, exporting over $34 billion in oil through October, according to numbers compiled by United Against a Nuclear Iran (UANI), a group that monitors Tehran’s oil shipments.”
The New York Times reported in 2020 that the sanctions imposed by Donald Trump on Iran were so strong that the regime was unwilling to face the United States.
After taking office, Vice President Kamala Harris and President Joe Biden changed their strategies and looked to revive a nuclear agreement with Iran and postpone the implementation of oil sanctions.
Critics claim that the regime used proxies to finance terror acts with the extra money it had available.
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