You’d think the Biden Administration would have
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Posted On: 04/27/2024 10:09:10 PM
You’d think the Biden Administration would have realized by now that enriching the Iranian regime is a dangerous mistake. You’d be wrong. Relaxed U.S. enforcement of oil sanctions continued through October, refilling Supreme Leader Ali Khamenei’s coffers even after the Oct. 7 slaughter and the more than 40 attacks on U.S. troops by Iran’s proxies in the weeks since.
Iran exported nearly 1.4 million barrels of oil per day in October, sustaining its average for 2023. This is up 80% from the 775,000 barrels per day Iran averaged under the Trump Administration’s “maximum pressure” strategy, according to United Against Nuclear Iran, the group of former U.S. Ambassador Mark Wallace and Sen. Joe Lieberman, whose Tanker Tracker generates the best public data we have.
The Iranian surge in oil exports since President Biden took over has brought Iran an additional $32 billion to $35 billion, according to the Foundation for Defense of Democracies. The calculations are tricky, but the cause of the Iranian windfall is clear: As part of Mr. Biden’s quiet diplomacy with Iran, the U.S. has curtailed sanctions enforcement. Customers and middlemen have concluded the risk is low and the discount on Iran’s oil is too good to pass up.
https://www.wsj.com/articles/biden-administra...a-df192c53
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Iran exported nearly 1.4 million barrels of oil per day in October, sustaining its average for 2023. This is up 80% from the 775,000 barrels per day Iran averaged under the Trump Administration’s “maximum pressure” strategy, according to United Against Nuclear Iran, the group of former U.S. Ambassador Mark Wallace and Sen. Joe Lieberman, whose Tanker Tracker generates the best public data we have.
The Iranian surge in oil exports since President Biden took over has brought Iran an additional $32 billion to $35 billion, according to the Foundation for Defense of Democracies. The calculations are tricky, but the cause of the Iranian windfall is clear: As part of Mr. Biden’s quiet diplomacy with Iran, the U.S. has curtailed sanctions enforcement. Customers and middlemen have concluded the risk is low and the discount on Iran’s oil is too good to pass up.
https://www.wsj.com/articles/biden-administra...a-df192c53
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