Will Joe Biden punish Iran for attacking Israel? Know about options
Joe Biden help the Iranian regime by ignoring its nefarious activities like bankrolling Hamas and expanding its nuclear capabilities? After Tehran backed Houthi rebels and now attacked US ally Israel, this question has surfaced. Biden has also been accused of refusing to enforce sanctions imposed years ago. Tehran increased its oil exports, its most significant revenue source after Biden came to office four years back. Now, as the 2024 US Presidential Election is coming close and the campaign is picking up, the president will have to answer these allegations.
Iran increases oil production
According to Bloomberg data, Iran increased oil production to an estimated five-year high of 3.4 million barrels per day. China has emerged as its primary buyer, which takes it at a discount.
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Besides crude oil, liquified petroleum gas is another source of Tehran’s revenue. It has started to export it in record quantities.
Executive Order 13846
'The New York Post' has reported that Joe Biden has not implemented Executive Order 13846, issued by Donald Trump, which has provisions for punishing anyone involved in the “purchase, acquisition, sale, transport, or marketing” of petroleum from Iran.
Iran's military expenditure surges
According to National Union for Democracy in Iran data, Tehran’s oil exports, military expenditures, and nuclear advances surged upward compared to the time when sanctions were at their height from 2018 to 2020. Donald Trump was the president of those
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