Illicit Iranian Oil Sales Hit $90 Billion Under Biden, Fueling Tehran’s Terror Proxies
5th March 2024
Illicit Iranian oil sales have hit $90 billion under the Biden administration, with the proceeds helping Tehran’s regional terror proxies fund an unprecedented wave of attacks on Israel, American forces, and Western shipping vessels.
Tehran’s sales to China, its top importer, have consistently crossed more than 1 million barrels per day during the past several months, a signal that the Biden administration continues its softline approach toward enforcing sanctions on the regime’s oil exports.
“Iran has managed to sell $90 billion worth of U.S.-sanctioned oil, setting new export records in the process,” according to the latest figures published by United Against a Nuclear Iran (UANI), a watchdog group that monitors Tehran’s illicit oil trade. “Ongoing hesitance to enforce oil sanctions on Iran has proven to be a defining characteristic of the Biden Administration’s foreign policy.”