Monday, August 5, 2024

Sanctions

It is highly unlikely that historians can draw a straight line from one event to another such as was the case with Pearl Harbor but many times they can connect the dots. One such dot case is now being reviewed and that is the war against Hamas. When Biden came into office he canceled all of the sanctions that Trump had put on Iran in an attempt to restart the non nuclear negotiations. This is from February 2021 just after Biden took office. The Biden administration on Thursday rescinded former President Donald Trump's restoration of U.N. sanctions on Iran, an announcement that could help Washington move toward rejoining the 2015 nuclear agreement aimed at reining in the Islamic Republic's nuclear program. In 2023 Biden released $10 billion that Iraq owed to Iran. Next Biden removed the Houthis from the terrorist list. The biggest change was the money Iran received from oil exports. Just before the Trump sanctions in April 2018 Iranian oil exports stood at 2.9 million barrels per day (mbpd) and by October 2018 they declined to 1.8 mbpd and continued down to .8 mbpd. After Biden ended the sanctions in early 2021 the exports rose to 3 mbpd by August of 2022. Much of this money was used to bolster war supplies for Hamas, Hezbollah and the Houthis's. The dots say that trying to appease Iran to negotiate led to the Hamas War. Like they always say, follow the money.

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