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Biden Keeps the Billions Flowing to Iran

by Index Investing News
November 10, 2023
in Opinion
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Updated Nov. 10, 2023 6:50 pm ET

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.

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