Iran Cashed in During Biden's First Year in Office

President Joe Biden's lax sanctions enforcement during his first year in office allowed $23 billion to flow into Iran's coffers, even as the country armed the Taliban, attacked U.S. forces in the Middle East, and financed terror plots across five continents, according to a State Department report. Iran’s illicit oil trade with China jumped from just $6.6 billion in 2020 to more than $23 billion in 2021, according to data from United Against a Nuclear Iran, when Biden took office and stopped enforcing sanctions on Iran’s oil trade with China. The decision to halt sanctions came as part of the administration's bid to revive the 2015 nuclear deal, which has not been successful. The State Department’s 2021 global terrorism report, the latest version publicly available, provides a clear account of Iran’s growing terrorism activities during the Biden administration’s first year in office.