(Jerusalem Center for Public Affairs) Aviram Bellaishe - Where does the money come from that Iran uses to finance its anti-Israel terror? Large-scale oil exports enable it to keep financing its anti-Israel activity, despite the many sanctions imposed on the country since 2019 to stop oil exports. Iran counteracts these sanctions with more than 300 tankers registered in foreign countries, which form a "ghost fleet." These ships turn off navigation and identification systems and use false registration documents. China buys 85%-90% of the approximately 1.5 million barrels per day that Iran exports. From the beginning of President Biden's tenure in January 2021 to December 2023, the ayatollah regime's revenues from oil exports to Beijing totaled $100 billion. It has been written in the Iranian media that thanks to China, Iran has protection against the sanctions. According to the International Monetary Fund (IMF), in 2023 the Iranian economy grew by 4.7%, led by 19% growth in the oil sector. Iranian oil production grew to 3.1 million barrels per day. The writer, vice president for Strategy, Security, and Communications at the Jerusalem Center, has served in senior government positions for over 25 years.
2024-08-08 00:00:00Full ArticleBACK Visit the Daily Alert Archive