The Biden administration, despite knowing that the Islamic Republic of Iran is the largest funder of the terror group Hamas, nevertheless decided to relax sanctions on Iranian oil exports. In 2020, Iran’s economy had a reported trade deficit of $3.45 billion; by 2023, according to former US Director of National Intelligence John Ratcliffe:
“Look, it’s not even just this $6 billion, which clearly is going to further enrich Iran. It’s closer to $60 billion. If you look at what the Biden administration has done to help this Islamic terrorist regime in Iran by [stopping enforcement of] sanctions, by lifting restrictions, by allowing Iranian oil to increase by 650% over the last year from 400,000 barrels of oil a day to 3 million barrels of oil a day – all of this has strengthened [the Iranian regime]”
Just weeks after the US gave Iran’s ruling clerics a fungible $6 billion line-of-credit as an effective ransom for hostages, the Iran-backed Hamas on October 7 launched a massive attack on Israel, killing more than 1,300 Israelis, mostly civilians, and wounded thousands more. Iran’s leadership and their Lebanese terror proxy Hezbollah have been praising Hamas’s terrorist attack on Israel.
