Iran’s Illicit Oil Sales Help Fuel Mass Military Buildup
The Biden administration’s lax enforcement of sanctions on Iran’s illicit oil trade has allowed the hardline regime to infuse more than $15 billion into its military and terrorist proxies during the past two years, according to analysis by a watchdog group. Iranian military spending significantly jumped in 2022 as the regime got more access to cash through its multibillion-dollar trade in illicit oil—cash that made its way to the regime as a result of the Biden administration’s decision not to enforce U.S. sanctions, according to United Against a Nuclear Iran (UANI), a watchdog group that tracks the regime’s oil sales and military spending.
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Eye on Iran is a news summary from United Against Nuclear Iran (UANI), a section 501(c)(3) organization. Eye on Iran is available to subscribers on a daily basis or weekly basis.