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Government Corruption
Biden administration under fire for Iran nuke and hostage deal that could net regime billions
2023-06-09
[Fox News] The Biden administration is facing intense criticism for its reported willingness to pump $17 billion dollars into the coffers of the world’s worst state-sponsor of terrorism — the Islamic Republic of Iran — to reach a controversial deal to impose temporary restrictions on Iran’s illicit nuclear program and secure the release of American hostages.

"When Joe Biden was elected, Iran’s nuclear program was in a box, and their economy was in a downward spiral," Sen. Ted Cruz, R-Texas, told Fox News Digital. "Biden looked the other way as the Ayatollah steadily advanced to nuclear weapons, and the regime resumed exports of millions of barrels of oil a day.

"All the while, Iran became Putin’s No. 1 military backer. Biden has already been funding both sides of the war in Ukraine, and so it would be appalling but unsurprising if he started openly sending billions more to the Ayatollah."

Cruz’s criticism of Biden’s Iran policy follows a report in Iran International, a Washington D.C.-based independent news organization, that a deal might be imminent between the U.S. and Tehran over sanctions.

In exchange for economic incentives reported to be $17 billion for the clerical regime, the rulers of Iran would release three American hostages and freeze certain aspects of their alleged nuclear weapons work.

According to the Iran International report, funds in Iraqi banks totaling as much as $10 billion (or more) could be funneled to Iran and would be linked to restrictions on Tehran’s illegal atomic program. Iraq purchases electricity and natural gas from Tehran, but it is prohibited by U.S. sanctions from transferring dollar payments to Iran.

Iraq is only permitted to transfer funds to Iran in Iraqi dinars. As a result of tough sanctions on Iran, Tehran can only use the dinars to buy merchandise from Iraq. Tehran views this system as a trade balance and maintains there is an outstanding Iraqi debt.

Iran's ambassador to Iraq, Mohammad Kazem Al-Sadegh, told an Iraqi news outlet this year that Iraq owes Iran $11 billion for imports of gas and electricity.

South Korea purchased $7 billion in Iranian oil prior to the imposition of comprehensive energy sanctions on Iran in 2019. The money is being held by South Korea.

When asked about the Iran International report and a new deal with Iran’s regime, a State Department spokesperson did not deny the report.

"Make no mistake: the United States of America will protect and defend its citizens," the spokesperson told Fox News Digital. "To that end, we remain committed to securing the freedom of all U.S. nationals who continue to be wrongfully detained overseas, and we are working relentlessly to bring all wrongfully detained nationals home. We will not stop until they are reunited with their loved ones."

"The United States should never spend one penny in ransom on payments to the world's leading state sponsors of terrorism," noted former State Department spokesperson Morgan Ortagus, who served during the Trump administration.

"Secretary Pompeo and President Trump brought two Americans home from Iranian prison without paying a cent. Giving Iran billions of dollars would only incentivize more hostage taking and lead more Americans and their families to suffer. And fuel more Iranian terrorism around the world."
Posted by:Skidmark

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