Iran laughs all the way to bank with $44.7B in illegal oil sales with Biden in office, mocks sanctions

Iran has massively profited off the illegal oil trade during President Biden’s time in office, raking in a whopping $44.7 billion in sales while laughing at the weak American president and his sanctions.

The Islamic Republic has aligned itself with America’s foremost enemies, China, Russia, North Korea, Syria, Venezuela, and others, selling them its oil according to figures published by United Against Nuclear Iran.

From the time that Biden took office through June 2022, Iran made its massive sales of oil primarily to China which is also mocking U.S. sanctions. Export revenues between March 2021 and March 2022 from oil, gas, and related products “totaled $39 billion, compared [with] $22 billion for the previous year—a rise of 77 percent and an extra $17 billion,” according to the watchdog group.

“This drastic increase in revenue is not surprising when you look at the increase in oil exports that have occurred under the Biden administration,” UANI chief of staff Claire Jungman told the Washington Free Beacon in an interview. “This is the result of terminally lax sanctions enforcement.”

Biden’s methods of containing Iran are laughable. He originally imposed looser sanctions on the Islamic Republic and has all but ignored enforcement as he tries to resurrect the 2015 nuclear deal. He has openly appeased the Islamic regime and is urging it to sign a deal that will, in essence, remove all sanctions including those that pertain to the oil trade.

China is the main benefactor in all this as Iranian imports quadrupled to the communist country in 2021 totaling $23.1 billion. According to UANI’s figures, the China-Iran oil pipeline will produce around $27 billion in revenue in 2022.

If the U.S. lifts sanctions on Iran to seal the deal on the lame nuclear deal, the Iran-China oil trade could reach approximately $60 billion per year, according to one former U.S. official.

“China made a mockery of the credibility of our sanctions programs and emboldened rogue actors across the world to follow suit,” Gabriel Noronha, a State Department special adviser for Iran during the Trump administration, informed the Free Beacon.

Under the Trump administration, Iran’s foreign currency reserves were nearly wiped out. Under Biden, they will have “increased nearly tenfold by the end of this year,” according to Noronha.

“The United States refused to enforce its sanctions even while Iran was continuing to advance its nuclear program and its regional terror attacks,” he asserted. “The result was that Iran’s economy revived itself.”

“The Iranian leadership does not feel pressure to finalize the nuclear deal because they’ve already enjoyed the benefits of effective sanctions relief,” Noronha said, referring to Iranian President Ebrahim Raisi. “The fact that the Biden administration can’t even manage a return to the notoriously weak [nuclear deal] is evidence of the sheer diplomatic malpractice carried out by the Biden administration, particularly Secretary of State Antony Blinken and U.S. envoy for Iran Rob Malley.”

Iran and China are massively increasing their emergency oil stockpiles while President Biden has depleted ours to its lowest level in 37 years. Not a wise idea when war with China is looming. Also, an ill-advised move was selling China several million barrels of emergency stores of oil which is now under congressional investigation.

UANI reported that Iran sold 746,915 barrels of oil per day to China in July.

Because of the bad publicity surrounding oil stockpiles and Iran’s blatant flouting of sanctions, Biden is now beginning to issue new ones on the Islamic Republic’s oil trade.

On Monday, the State Department announced that it is designating a number of entities for their role in “facilitating illicit transactions related to Iranian petroleum.”

The new sanctions target Iran’s Persian Gulf Petrochemical Industry Commercial Co., as well as nine other entities, some of which are based in the United Arab Emirates, Hong Kong, and Malaysia, that the U.S. claims facilitate Iran’s illicit oil trade, according to The Free Press.

The Biden administration asserts it will issue sanctions until Iran signs the nuclear deal. The rogue nation is not impressed with what it calls “bullying.”

“Americans should not think that they can gain concessions at the negotiating table with these actions and should abandon such act of bullying,” Iranian Foreign Minister Hossein Amir-Abdallahian asserted on Tuesday.

(Video Credit: WION)

“The United States has been sincere in pursuing a path of meaningful diplomacy to achieve a mutual return to full implementation of the Joint Comprehensive Plan of Action (JCPOA),” the State Department remarked. “Until Iran is ready to return to full implementation of the JCPOA, we will continue to use our sanctions authorities to target exports of petroleum, petroleum products, and petrochemical products from Iran.”

The Biden administration has not designated several oil tankers for sanctions that are known to ferry Iranian oil. Without those sanctions, the tankers will purportedly just register under new company names and go about their business for Iran.

Noronha claims the sanctions are too late.

“China took advantage of the Biden administration’s weak posture and blatantly flouted our sanctions on Iran for over 16 months before the United States made any attempt to stop the trade,” he pointed out, according to the Free Beacon.

In response to the sanctions, Iran reportedly activated hundreds of advanced nuclear enrichment machines, according to The Free Press.

Iran began injecting gas into over 500 advanced centrifuges, machines that enrich uranium to the point it becomes explosive, as part of the “Strategic Action Plan to Lift Sanctions and Protect Iranian Nation’s Interests,” Behrouz Kamalvandi, a spokesperson for the Atomic Energy Organization of Iran (AEOI), said Monday.

He announced the decision hours after the U.S. levied sanctions against Iranian companies accused of funneling tens of millions in Iranian petroleum products to East Asia.

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