#news Fast Fact: Biden’s Policies allowed Iran to access $16 Billion in frozen assets & rake in $50 billion in oil from ‘relaxed sanctions’
#Biden
In August 2023, the Biden administration facilitated the release of $6 billion in frozen Iranian assets held in South Korea.
In March 2024, the administration reissued a sanctions waiver allowing Iran access to about $10 billion in frozen funds from Iraq.
By 2023 Iran’s oil exports more than doubled from Trump’s “maximum pressure” campaign, and according to Foundation for Defense of Democracies and UANI Tanker Tracker, Biden’s relaxed policies allowed Iran to rake in between $50–$90 billion
