As iran wages war on Israel both directly and through their financed terror groups, a new Government report shows that the Biden Harris Adminstrations change in Iran policies allow iran to collect some $200 Billion in oil revenue to fund their aggression.
The Biden-Harris administration has given the Iranian regime access to $200 billion in oil revenues due to lax sanctions enforcement, according to a report from the *Washington Free Beacon* based on newly released government data. The report highlights how U.S. sanctions on Iran, once rigorously enforced under former President Donald Trump, were loosened after President Joe Biden and Vice President Kamala Harris took office.
A report from the U.S. Energy Information Administration, published under an April 2024 mandate, revealed that Iran earned $144 billion in oil revenue between 2021 and 2023. In 2021 alone, Iran’s oil income surged to $37 billion, compared to just $16 billion during the final year of the Trump administration. Revenue continued to rise, reaching $54 billion in 2022 and $53 billion in 2023. Iran’s oil trade has continued unabated in 2024, with an estimated $34 billion in exports by October.
Critics argue that this financial windfall has bolstered Iran’s ability to fund terrorism through its regional proxies. The Biden administration’s decision to reverse Trump-era sanctions enforcement in hopes of renewing the nuclear deal has been met with widespread concern over the regime’s growing influence and aggression in the region.
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