Analysis: Biden unlikely to sanction Iran’s oil exports, gas prices ‘critical during an election year’

Analysis: Biden unlikely to sanction Iran’s oil exports, gas prices ‘critical during an election year’


Analysts say President Joe Biden is unlikely to “prompt dramatic sanctions action on Iran’s oil exports” due to “worries about boosting oil prices and angering top buyer China” according to Reuters.

Speaking to Fox News on Sunday, House Republican Representative Steve Scalise, said the administration had made it easier for Iran to sell its oil, generating revenues that were being used to “go fund terrorist activity.”

The Biden administration has maintained for months that among its primary goals is to keep the Gaza conflict between terror group Hamas and Israel from turning into a wider regional war. However, House Republican leaders accused President Joe Biden of failing to enforce existing measures and said they would take up this week a series of bills to sharpen sanctions

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