Iran’s Oil Revenue Skyrockets to $41B Under Biden

"Foreign economic policy analysts attribute the discrepancy to several factors. Primarily, Iran incurs substantial costs in circumventing US sanctions, including offering significant discounts to smugglers in China. Earlier this year, the advocacy group United Against Nuclear Iran (UANI) disclosed satellite evidence showing two vessels, HECATE and ELVA, offloading massive cargoes of Iranian crude at China’s Dongjiakou port. Furthermore, a portion of Iran’s fuel oil exports is bartered for gasoline due to domestic shortages, while some oil is provided to Syria free of charge."