In early October, the Biden-Harris administration openly acknowledged that Iran had become rich under its policies and guidance.

Iran is the world’s largest state sponsor of terrorism and supports several terrorist networks across the Middle East that have attacked U.S. and Israeli forces since Hamas attacked Israel on October 7, 2023. This includes Hezbollah and the Houthis. The Biden-Harris administration appears to have eased sanctions on Iran in recent years, allowing the Islamic regime to rake in billions of dollars from oil revenues — and a new report from the administration itself. published In October, it outlined exactly how much money the administration had made. (Related article: ‘What did you say?’: Defense Secretary Biden reportedly furious at Israel’s sudden assassination of Hezbollah chief)

During the Trump administration’s tenure and “maximum pressure” sanctions campaign against Iran, Iran’s oil revenues fell from about $65 billion in 2018 to $28 billion in 2019, according to a report from the U.S. Energy Information Administration. However, in 2020, it further decreased to $16 billion. (EIA). After President Joe Biden took office, that number jumped year-over-year, with Iranian oil revenues in 2021 at $37 billion, in 2022 at $54 billion, and in 2023 at $53 billion.

The report further explains that Iran exported approximately 527 barrels of oil per day in 2018 under the Trump administration, compared to approximately 916 barrels per day in 2023 under the Biden administration. .

“This is completely insane. This is not about ‘sanctions evasion’. This is by design,” said Richard Goldberg, senior fellow at the Foundation for Defense of Democracies. statement on wednesday.

Iran’s oil industry is one of the country’s biggest sources of revenue, and the Iranian regime has better access to these revenues under Biden than it did under Trump. Although the Biden-Harris administration has not publicly eased sanctions, it has not imposed them in the same manner as President Trump, allowing the Iranian government to collect billions of dollars.

It is not entirely clear why the administration would take this action, although it has long called for bringing Iran back into the nuclear deal. The nuclear deal is an attempt to return to a multilateral agreement that would allow sanctions on Iran to be eased unless Iran moves forward with the nuclear deal signed by the former Obama administration. Nuclear development program. President Trump withdrew from the deal in 2018, citing concerns that Iran was being allowed to reap billions of dollars in profits while pursuing its nuclear program outside the terms of the deal.

Iran is one of the main parties to the ongoing Middle East conflict, which has claimed tens of thousands of lives and involved other Western countries such as the United States. Israel entered Israeli territory on October 1, when it is expected to launch retaliatory strikes against Iran after the Islamic regime fired about 180 missiles.

The White House did not respond to requests for comment.

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