{"id":2062411,"date":"2023-10-10T17:25:02","date_gmt":"2023-10-10T21:25:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/iran-has-made-80-billion-in-illicit-oil-sales-since-biden-took-office\/"},"modified":"2023-10-10T17:28:00","modified_gmt":"2023-10-10T21:28:00","slug":"iran-has-made-80-billion-in-illicit-oil-sales-since-biden-took-office","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/iran-has-made-80-billion-in-illicit-oil-sales-since-biden-took-office\/","title":{"rendered":"Iran&#8217;s illicit oil sales have reached $80 billion since Biden&#8217;s inauguration."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Firan-has-made-80-billion-in-illicit-oil-sales-since-biden-took-office%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2062411&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Biden \u200badministration\u2019s Iran policies under renewed scrutiny in light \u200cof Hamas\u2019s weekend attack<\/h2>\n<figure>\n    <img decoding=\"async\" src=\"https:\/\/example.com\/iran-flagged-oil-tanker.jpg\" alt=\"An Iranian-flagged oil \u2064tanker\"><figcaption>An\u200b Iranian-flagged oil tanker (Getty Images)<\/figcaption><\/figure>\n<div>\n<p>Iran\u2062 has raked in approximately $80 billion from its illicit oil sales since the Biden administration \u200btook office and relaxed sanctions on the hardline regime. This\u2064 influx\u2062 of cash\u2064 has not only helped Tehran\u200d sustain \u2063itself but\u200c has \u200balso provided \u2063support to its \u200bterror\u200d allies like Hamas.<\/p>\n<p>Claire Jungman, chief of staff at United Against a Nuclear Iran, a watchdog group that\u2064 closely\u200d tracks Tehran\u2019s illicit oil exports and arsenal of tankers, stated, &#8220;Iran has generated approximately \u200d$80 \u200cbillion in revenue from oil sales \u200dunder the\u200b Biden administration.&#8221; A significant portion\u200c of this oil is\u2064 shipped to \u200cChina,\u200b which is one of Iran&#8217;s \u2064top patrons.<\/p>\n<p>Due to the Biden administration&#8217;s decision \u200dto ease economic \u2062sanctions, Iran&#8217;s oil exports have reached a five-year high. This surge in revenue has enabled the hardline\u200d regime to funnel funds to its\u2063 regional terror proxies, particularly \u200dHamas, which\u200c is currently engaged in \u2062an unprecedented war on\u200b Israel with Iran&#8217;s \u2062backing. \u200bAccording to the Wall Street Journal, Iran\u2062 played a role in \u2062planning \u200dHamas&#8217;s weekend\u2062 attack and gave the\u2064 terror group the green light to \u2063carry it \u200dout. Hamas\u200c officials have \u2063also publicly acknowledged Tehran&#8217;s support for their surprise invasion.<\/p>\n<p>Jungman explained, &#8220;With\u2062 the resurgence of \u200dIran&#8217;s primary revenue source, oil,\u200b into play, it&#8217;s \u2064paramount to recognize\u2063 the substantial financial leeway\u200c they&#8217;ve\u2064 gained through years of relaxed \u200dsanctions. \u2062This surplus not\u2063 only sustained them but also significantly fortified their proxies, \u200csuch \u2062as\u200c Hamas in \u200dthe Gaza Strip and Hezbollah in Lebanon.&#8221;<\/p>\n<p>The Biden administration&#8217;s \u2064policies toward Iran are now facing renewed scrutiny in light of Hamas&#8217;s weekend attack. In\u2064 addition to granting Iran \u2064access to\u200c billions\u2063 in oil revenue, the United\u200c States released $6 billion\u200b in frozen funds as part \u200bof a \u200chostage\u2064 deal\u200d last month.\u2062 Experts believe that this\u2062 money has contributed to Tehran&#8217;s\u200b continued funding of \u2062terror groups. Furthermore, the administration waived sanctions, allowing Iraq to pay Iran millions\u200b for electricity and other \u2062debts, making around $10 billion more \u2063available to Iran earlier this year.<\/p>\n<p>Richard Goldberg, a former White House National Security Council member who worked on the Iran portfolio, emphasized, &#8220;This \u2064isn&#8217;t just about a \u2064$6 billion hostage \u200bdeal. It&#8217;s about a $50-plus-billion nuclear protection racket that&#8217;s \u2064been going on since May.&#8221; He added,\u200d &#8220;Billions released\u200d from Iraq, skyrocketing Iranian oil exports \u200bto China, and all of\u2064 it telling\u200c the Iranians that America is weak and will\u200c pay any price to avoid a\u2064 crisis. That&#8217;s a green \u200clight for Tehran to take its sanctions relief and focus\u2063 all their resources on crippling the one country trying to stop its nuclear weapons drive: Israel.&#8221;<\/p>\n<p>There are indications that access to this cash is enabling Iran to\u2063 strengthen its terrorism enterprise. For instance, Tehran increased pay by 14 percent for its terror affiliates working \u200cwith the Islamic Revolutionary Guards Corps,\u200d which \u200cprovides support to Hamas and Hezbollah.<\/p>\n<p>The relaxation\u2064 of sanctions\u200b on Iran&#8217;s oil trade has been the most significant boon for \u200cthe hardline\u2064 regime. United \u200cAgainst a\u200c Nuclear Iran documented at \u200cleast \u200b$44 billion in oil sales as of August 2022, marking \u200ca 77 \u2062percent increase compared to the\u200d Trump administration&#8217;s strict sanctions policy. Enforcing sanctions on vessels involved in Iranian oil\u200b transport and those aiding \u2063such activity is crucial for safeguarding international stability, according to Jungman.<\/p>\n<p>Congress has also demanded action. \u2063In April, a bipartisan group of senators criticized the Biden administration for blocking \u2064federal agencies from seizing illicit Iranian oil \u200dtankers,\u2064 arguing that this policy choice was only benefiting Tehran.<\/p>\n<\/div>\n<p> <\/p>\n<h2> How have the\u200d actions of the Biden administration regarding Iran&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/iran-has-made-80-billion-in-illicit-oil-sales-since-biden-took-office\/\" title=\"Iran's illicit oil sales have reached  billion since Biden's inauguration.\">economic sanctions impacted regional stability<\/a>?<\/h2>\n<p><span>  \u200cTage exchange agreement. Critics\u200c argue that\u2062 these actions have emboldened Iran and enabled its support for terrorist groups like Hamas.<\/p>\n<p>The decision to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republican-pressure-mounts-to-stop-bidens-return-to-iran-nuclear-deal\/\" title=\"Republican Pressure Mounts to Stop Biden\u2019s Return to Iran Nuclear Deal\">ease economic sanctions<\/a> on Iran was met with widespread skepticism and\u200c concern. Many believed that\u200b the Biden administration&#8217;s \u200capproach to Iran would only empower the\u200b regime and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/israeli-military-officials-unite-in-opposition-to-biden-admins-iran-deal\/\" title=\"Israeli Military Officials Unite in Opposition to Biden Admin\u2019s Iran Deal\">undermine regional stability<\/a>. \u200cUnfortunately, recent events\u200d have proven these concerns \u200dto be\u2063 valid.<\/p>\n<p>Hamas&#8217;s weekend attack on Israel, which has resulted in\u200b widespread destruction and loss of life, \u2064has shed\u200b light on Iran&#8217;s \u2064role in supporting this terrorist group. Reports suggest that Iran played a crucial role in planning the attack and provided Hamas\u200c with the necessary resources \u200dand funding to carry it out.\u2064 This highlights \u200dthe\u200c dangerous consequences of Iran&#8217;s increased \u2064revenue\u200b from illicit oil sales.<\/p>\n<p>Iran&#8217;s \u200cillicit\u200b oil exports have soared since the Biden administration \u2062took office.\u200b By relaxing sanctions, the US has inadvertently allowed Iran to generate billions in revenue. A significant portion of this money has been funneled into \u2063supporting Hamas and other terrorist organizations. This not only poses\u200c a\u200c direct threat \u200dto \u200cIsrael\u200d but also undermines regional stability and peace efforts.<\/p>\n<p>Critics argue that the Biden administration&#8217;s policies towards \u2064Iran have emboldened the \u2063regime and provided it with the financial means to support terrorist \u200dactivities. The release \u2064of frozen funds as part of\u2064 a\u200d hostage exchange\u200c agreement\u2063 has further exacerbated\u200d concerns. By providing Iran with access \u2064to billions of dollars, the US\u2062 has effectively empowered a \u200dregime that is actively fueling conflicts \u2062and destabilizing the region.<\/p>\n<p>It is crucial for the \u200bBiden\u200d administration to reassess its policies\u2064 towards Iran in light of recent events. While\u200d engagement and diplomacy are essential, it must be accompanied by firm pressure and accountability. The\u200d US \u200dshould\u2063 not turn \u200ba blind\u2062 eye to Iran&#8217;s support for \u2064terrorist groups, especially when it directly leads to \u200bviolence and loss of innocent lives.<\/p>\n<p>The international community must\u200b also\u2062 play \u200ca role in holding Iran accountable for its actions. It is imperative\u200b for countries to closely monitor Iran&#8217;s illicit\u2063 activities, particularly its oil exports, and take necessary measures to disrupt these networks. Sanctions and other forms\u2064 of economic pressure should be utilized to prevent\u200b Iran \u200cfrom \u200bfurther financing terrorism.<\/p>\n<p>The\u200b renewed scrutiny on the Biden administration&#8217;s Iran policies\u2064 serves as a wake-up call.\u200c It underscores \u200bthe need for\u200c a comprehensive and balanced approach\u2062 that prioritizes regional \u200dsecurity\u2062 and stability. \u2064The US\u200d must not be complacent in the face of Iran&#8217;s support\u2063 for terrorism but should actively work towards curbing its influence and promoting peace \u2063in \u200bthe region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration&#8217;s Iran policies face scrutiny as Hamas&#8217;s recent attack highlights Iran&#8217;s actions. Since the relaxation of sanctions, Iran has earned approximately $80 billion from illicit oil sales, enabling them to support terror allies like Hamas. Tehran&#8217;s financial aid poses concerns about the effectiveness of the administration&#8217;s approach.<\/p>\n","protected":false},"author":117,"featured_media":2062412,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2062411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2062411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/117"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2062411"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2062411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2062412"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2062411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2062411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2062411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}