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September 28, 2023 | Insight
The Monetary Value of Relaxed Oil Sanctions Enforcement by the Biden Administration
“U.S. officials privately acknowledge they’ve gradually relaxed some enforcement of sanctions on Iranian oil sales,” Bloomberg News revealed last month. The dollar value of this sanctions relief can be calculated by estimating how much Iranian exports increased due to lighter enforcement, then projecting how much these additional sales have been worth. In August, Iran reported exports of 1.7 million barrels of crude oil per day (mbpd), a level not seen since March 2019. Others put the figure even higher, at 2.2 mbpd, although this memo will use the UANI Tanker Tracker database, which uses publicly available data going back to April 2018. By contrast, Tehran exported an average of 0.775 mbpd while facing the “maximum pressure” campaign waged by the Trump administration. Depending on the discount Iran offered to incentivize purchases from a sanctioned government, the estimated value of Tehran’s additional oil sales — the difference between its realized revenue and what it would have earned had its exports remained at the maximum pressure period’s average level — was $26.3 to $29.5 billion dollars, a number that will continue growing while enforcement remains lax....
...Tehran’s exports began growing as soon as Biden took office. They reached 1.14 mbpd in 2021, a 32 percent increase from the year prior. This level of sales persisted in 2022 before another significant leap this year. The average export rate from January to August 2023 has been 1.38 mbpd, a 21 percent increase from the year prior and 59 percent greater than the last year of Trump’s tenure. This steady ascent hints at a sustainable upward trajectory in Tehran’s exports.
https://www.fdd.org/analysis/2023/0...ions-enforcement-by-the-biden-administration/
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Trump was choking Tehran's ability to sponsor terrorism off. Biden is allowing Tehran to export oil and rake in tens of billions so Tehran can fund their nuclear program and fund terrorism. We cannot afford to let Iran become nuclear armed and we cannot afford to let Iran fund terrorists. Thanks Joe Biden.
The Monetary Value of Relaxed Oil Sanctions Enforcement by the Biden Administration
“U.S. officials privately acknowledge they’ve gradually relaxed some enforcement of sanctions on Iranian oil sales,” Bloomberg News revealed last month. The dollar value of this sanctions relief can be calculated by estimating how much Iranian exports increased due to lighter enforcement, then projecting how much these additional sales have been worth. In August, Iran reported exports of 1.7 million barrels of crude oil per day (mbpd), a level not seen since March 2019. Others put the figure even higher, at 2.2 mbpd, although this memo will use the UANI Tanker Tracker database, which uses publicly available data going back to April 2018. By contrast, Tehran exported an average of 0.775 mbpd while facing the “maximum pressure” campaign waged by the Trump administration. Depending on the discount Iran offered to incentivize purchases from a sanctioned government, the estimated value of Tehran’s additional oil sales — the difference between its realized revenue and what it would have earned had its exports remained at the maximum pressure period’s average level — was $26.3 to $29.5 billion dollars, a number that will continue growing while enforcement remains lax....
...Tehran’s exports began growing as soon as Biden took office. They reached 1.14 mbpd in 2021, a 32 percent increase from the year prior. This level of sales persisted in 2022 before another significant leap this year. The average export rate from January to August 2023 has been 1.38 mbpd, a 21 percent increase from the year prior and 59 percent greater than the last year of Trump’s tenure. This steady ascent hints at a sustainable upward trajectory in Tehran’s exports.
https://www.fdd.org/analysis/2023/0...ions-enforcement-by-the-biden-administration/
=============================
Trump was choking Tehran's ability to sponsor terrorism off. Biden is allowing Tehran to export oil and rake in tens of billions so Tehran can fund their nuclear program and fund terrorism. We cannot afford to let Iran become nuclear armed and we cannot afford to let Iran fund terrorists. Thanks Joe Biden.
