Connect with us

World

Biden admin sanction waivers give Iran access to billions in funds to keep war efforts going, expert says

Published

on

Biden admin sanction waivers give Iran access to billions in funds to keep war efforts going, expert says

The Biden administration has allowed billions in sanctions waivers that benefit Iran, with estimated billions more in unsanctioned oil sales, which allows the Iranian government to continue diverting money to its drone factories and funding proxy groups, an expert told Fox News Digital. 

“What happens when you end up releasing that money is that it goes into the general funds, which can then be used in lots of different ways,” Jonathan Schanzer, senior vice president for research at the Foundation for Defense of Democracies (FDD), explained. 

“If they are using the sanctions relief to fund their general budget, then ultimately [they] are to the benefit of the IRGC because the IRGC partakes in that regular budget,” Schanzer said, noting the Biden administration has often argued that any waivers do not ultimately and directly benefit the Iranian military and the Islamic Revolutionary Guard Corps (IRGC). 

“Let me put it this way: There is no way to do it without ultimately benefiting the regime and its ultimate objective, which is to fund its malign activities abroad,” Schanzer, a former terrorism finance analyst at the U.S. Department of the Treasury noted.

TEHRAN ‘RELIGIOUSLY’ BROADCASTING ANTI-ISRAEL UNREST AT US SCHOOLS FOR PROPAGANDA, EXPERT SAYS

Advertisement

A State Department spokesperson told Fox News Digital that the Biden administration “has not lifted a single sanction on Iran. Rather, we continue to increase pressure.” 

“Our extensive sanctions on Iran remain in place, and we continue to enforce them,” the spokesperson said. “Over the last three years, the U.S. has sanctioned over 600 individuals and entities connected to the full range of Iran’s problematic and dangerous behaviors, UAV and missile proliferation, terrorism, terrorist financing and other forms of illicit trade, horrific human rights abuses and support for proxy terrorist groups.” 

President Biden, left, and Iranian Supreme Leader Ayatollah Ali Khamenei. (Getty Images)

“We have even seen the regime fail to meet its own revenue expectations as it struggles to evade our sanctions and find illicit buyers for its oil,” the spokesperson said, not commenting on the fact Iran does find buyers for its oil. The spokesperson insisted that the U.S. sanctions, in combination with “Iran’s economy and regime mismanagement,” have brought the country’s currency “to the lowest it has ever been against the U.S. dollar.” 

A second State Department spokesperson reiterated the fact that the sanctions waiver allowing Iraq to buy electricity from Iran has been renewed 21 times since the Trump administration first issued the waiver in 2018 and that “any notion” that money goes to Iran due to the waivers “is false and misleading.” 

Advertisement

THERE IS ‘NO DOUBT’ THAT ANTI-ISRAEL PROTESTS ARE ‘HIGHLY COORDINATED’ ACROSS SENIOR LEVELS IN US: MIKE POMPEO

“We have been in ongoing engagement with allies and partners, including at the G-7 and with the EU, on ways to increase pressure on Iran,” the second spokesperson said. 

A Fox News Digital analysis, in combination with the FDD’s research, determined that Iran has received between $16 billion and $20 billion in sanctions waivers, with billions more gained through the sale of Iranian oil, which the U.S. has sanctioned but has not managed to totally prevent due to a mixture of lax government oversight and more sophisticated evasion methods. 

Islamic Revolutionary Guard Corps military personnel are walking along Enghelab (Revolution) Avenue as an Iranian Kheibar Surface-to-Surface missile is being unveiled during the Ela Beit Al-Moghaddas (Al-Aqsa Mosque) military rally in Tehran, Iran, on Nov. 24, 2023. (Morteza Nikoubazl/NurPhoto via Getty Images)

That includes a $10 billion sanctions waiver so Iraq can trade to obtain electricity from Iran, a $6 billion sanctions waiver agreed for South Korea to transfer money in exchange for the release of five Americans and $3.8 billion gained through the sale of petrochemicals in order to dodge a Trump-era sanction. 

Advertisement

The U.S. State Department in March came under fire for resuming a sanctions waiver, which had been renewed since the Trump administration first issued the waiver in 2018. Some experts estimated the waiver as having a valuation of around $10 billion for Iran. 

IRAN COURT SENTENCES POPULAR RAPPER TO DEATH FOR INVOLVEMENT IN PROTESTS, LAWYER SAYS

That waiver particularly allowed for the transfer of funds between Iran and Iraq so that Iraq, which remains a U.S. ally, could continue to use electricity imported from Iran – but critics saw it merely as another easement on sanctions against Iran. 

“None of this money goes to the mullahs. None of this money goes into Tehran. The sanctions relief that is provided actually goes to vendors that provide humanitarian assistance to the Iranian people,” White House national security advisor John Kirby told reporters at the time. 

This file handout picture provided by Hezbollah’s media office on Sept. 2, 2023 shows the Lebanese Shiite group’s Secretary General Hassan Nasrallah, left, during a meeting with the deputy chief of the Palestinian Hamas movement, Saleh al-Aruri, at an undisclosed location in Lebanon. (Hezbollah’s Media Office/AFP via Getty Images)

Advertisement

“Not only do the Iraqi people not suffer because of this, the Iranian people aren’t going to suffer because of this,” Kirby added. “That allows for Iraq to be able to work its way off of Iranian energy so that they can keep the lights on.”

Schanzer countered the administration’s argument by noting that “as soon as [money] hits the system, it is going to be diverted or used in a cynical way,” even taking what humanitarian aid gets into the country through third-party vendors and reselling it to the civilian population, effectively laundering the assistance into money. 

IRAN REJECTS ARGENTINA’S PUSH TO ARREST INTERIOR MINISTER FOR 1994 JEWISH CENTER BOMBING

“When we talk about dual-use goods or even things that they need in order to feed their fighters things along those lines, it is a consistently cynical diversion scheme,” Schanzer said. “Whether we’re talking about Iran itself or we’re talking about Iran’s proxies.”

“When the administration was saying that we shouldn’t be putting sanctions on the Houthis because it would ultimately block humanitarian assistance from getting into Yemen – guess what?” Schanzer continued. “When that humanitarian assistance gets to Yemen, who benefits? The people that control the territory in question, which right now a large chunk of Yemen is controlled by the Houthis.” 

Advertisement

Houthi supporters attend a rally in Sanaa, Yemen, on March 8. (AP/Osamah Abdulrahman)

The New York Times in February published the results of an investigation that determined Iran had managed to sell “oil worth billions of dollars” thanks to “a significant gap in U.S. oversight.” Shipping vessels owned by shell companies and using “spoofing” methods to hide their location made dozens of trips throughout 2023 to ferry Iran’s oil under the sanctions. 

The lack of a total crackdown on Iran’s oil shipments has led a significant number of experts to argue that the Biden administration may have started willfully turning a blind eye to Iran’s activities – partially since the surge in oil sales is clear and evident.

Javier Blas, a long-time energy and commodities reporter, wrote in a Bloomberg op-ed that “the conspiracy theorist inside me says the White House has turned a blind eye to the Iranian sales because it’s more worried about inflation … not only has Iran boosted oil production, but its exports have surged even more because it’s been able to sell a large chunk of the crude it was forced to put in the past into storage, both onshore and into tankers turned into floating storage facilities.” 

A general view of the Port of Kharg Island Oil Terminal, 25 kilometeres from the Iranian coast in the Persian Gulf and 483 kilometers northwest of the Strait of Hormuz, in Iran on March 12, 2017. (Fatemeh Bahrami/Anadolu Agency/Getty Images)

Advertisement

Iran’s growing cooperation with China also plays a significant role in how the country has managed to dodge sanctions, according to Foreign Policy, which cited a 25-year economic cooperation agreement the two countries agreed to in March 2021, as well as Iran’s decision to join the Beijing-led BRICS economic bloc, which gives Iran access to other currencies and trading options. 

“There’s no question that Russia, China and others are working to provide assistance to the Iranians,” Schanzer claimed. “We know this to be the case, but, with the Russians and Chinese, it’s often done in trade or in arms purchases, oil … if they get remuneration in rubles or in RMB (Chinese Yuan) in trade surplus where they can cash in for other products that’s not the same as dollars, and it’s not the same as some of the goods that will come through American channels.” 

Fox News Digital’s Caitlin McFall contributed to this report. 

Advertisement

World

World leaders split over military action as US-Israel strike Iran in coordinated operation

Published

on

World leaders split over military action as US-Israel strike Iran in coordinated operation

NEWYou can now listen to Fox News articles!

World leaders reacted swiftly Saturday after the United States and Israel launched strikes on Iran, exposing a deep divide between governments backing the attack on Iran and those warning the attacks risk a wider regional war.

In a joint statement, Canada’s Prime Minister Mark Carney and Foreign Minister Anita Anand voiced firm support saying, “Canada supports the United States acting to prevent Iran from obtaining a nuclear weapon and to prevent its regime from further threatening international peace and security.” The statement described Iran as “the principal source of instability and terror throughout the Middle East” and stressed it “must never be allowed to obtain or develop nuclear weapons.”

Australian Prime Minister Anthony Albanese also endorsed the action, writing on X, “Australia stands with the brave people of Iran in their struggle against oppression.” He confirmed Australia supports “the United States acting to prevent Iran from obtaining a nuclear weapon,” while activating emergency consular measures and urging Australians to leave Iran if safe.

The United Kingdom said Iran “must never be allowed to develop a nuclear weapon.” U.K. Prime Minister Keir Starmer’s office said he was speaking with the leaders of France and Germany “as part of a series of calls with allies.”

Advertisement

A person holds an image of Iran’s Supreme Leader Ayatollah Ali Khamenei as Iranian demonstrators protest against the U.S.-Israeli strikes, in Tehran, Iran, Feb. 28, 2026.  (Majid Asgaripour/WANA (West Asia News Agency) )

French President Emmanuel Macron warned, “The outbreak of war between the United States, Israel and Iran carries grave consequences for international peace and security.” He added, “The ongoing escalation is dangerous for all. It must stop,” and called for an urgent meeting of the United Nations Security Council.

In a joint statement, the leaders of France, Germany and the United Kingdom also  said they had “consistently urged the Iranian regime to end Iran’s nuclear program, curb its ballistic missile program, refrain from its destabilizing activity in the region and our homelands, and to cease the appalling violence and repression against its own people.” 

The three governments said they “did not participate in these strikes,” but remain “in close contact with our international partners, including the United States, Israel, and partners in the region.” 

They reiterated their “commitment to regional stability and to the protection of civilian life,” condemned “Iranian attacks on countries in the region in the strongest terms,” and called for a “resumption of negotiations,” urging Iran’s leadership to seek a negotiated solution. “Ultimately, the Iranian people must be allowed to determine their future,” the statement said.

Advertisement

European Union foreign policy chief Kaja Kallas described developments as “perilous,” saying Iran’s “ballistic missile and nuclear programmes… pose a serious threat to global security,” while emphasizing that “Protection of civilians and international humanitarian law is a priority.”

Spain openly rejected the strikes. Socialist Prime Minister Pedro Sánchez said, “We reject the unilateral military action by the United States and Israel, which represents an escalation and contributes to a more uncertain and hostile international order.”

Meanwhile, Gulf states responded to reported Iranian missile activity.

Saudi Arabia’s Foreign Ministry said, “The Kingdom of Saudi Arabia condemns and denounces in strongest terms the blatant Iranian aggression and the flagrant violation of the sovereignty of the UAE, Bahrain, Qatar, Kuwait, and Jordan.” It affirmed “its full solidarity with and unwavering support for the brotherly countries” and warned of “grave consequences resulting from the continued violation of states’ sovereignty and the principles of international law.”

The United Arab Emirates’ Ministry of Defense said the country “was subjected to a blatant attack involving Iranian ballistic missiles,” adding that air defense systems “successfully intercepted a number of missiles.” Authorities said falling debris in a residential area caused “one civilian death of an asian nationality” and material damage.

Advertisement

The ministry called the attack “a dangerous escalation and a cowardly act that threatens the safety of civilians and undermines stability,” and stated the UAE “reserves its full right to respond.”

UN’S ATOMIC AGENCY’S IRAN POLICY GETS MIXED REVIEWS FROM EXPERTS AFTER US-ISRAEL ‘OBLITERATE’ NUCLEAR SITES

Smoke rises after reported Iranian missile attacks, following strikes by the United States and Israel against Iran, in Manama, Bahrain, Feb. 28, 2026. (Reuters)

Pakistan’s Foreign Ministry said Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar “strongly condemned the unwarranted attacks against Iran” and called for “urgent resumption of diplomacy.”

China also weighed in. A spokesperson for the Chinese Embassy in Washington, wrote on X that Beijing is “highly concerned over the military strikes against Iran launched by the U.S. and Israel.” He added that “Iran’s sovereignty, security and territorial integrity should be respected” and called for “an immediate stop of the military actions” and “no further escalation.”

Advertisement

Turkey’s Foreign Minister Hakan Fidan held calls with counterparts across the region, a Turkish Foreign Ministry source told Reuters. The discussions focused on “possible steps to be taken to help bring an end to the attacks.”

Ukraine’s President Volodymyr Zelenskyy directly linked the developments to Russia’s war against his country.

“Although Ukrainians never threatened Iran, the Iranian regime chose to become Putin’s accomplice and supplied him with ‘shahed’ drones,” Zelenskyy wrote, adding that Russia has used “more than 57,000 shahed-type attack drones against the Ukrainian people.”

“It is important that the United States is acting decisively,” he said. “Whenever there is American resolve, global criminals weaken.”

Russia sharply criticized the operation. Dmitry Medvedev, deputy chairman of Russia’s Security Council, said, “All negotiations with Iran are a cover operation.”

Advertisement

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

An interception is visible in the sky over Haifa during the latest barrage. (Anthony Hershko/TPS-IL)

Lebanese Prime Minister Nawaf Salam warned, “We will not accept anyone dragging the country into adventures that threaten its security and unity.”

Norwegian Foreign Minister Espen Barth Eide said the strike “is not in line with international law.”

Reuters contributed to this report.

Advertisement

Related Article

Iran ramps up regional threats as Trump considers talks, and eyewitness accounts of regime violence emerge
Continue Reading

World

Israel strikes two schools in Iran, killing more than 50 people

Published

on

Israel strikes two schools in Iran, killing more than 50 people

State media says Israeli attack on girls’ school in the city of Minab in the south of the country kills dozens.

An Israeli strike has hit an elementary girls’ school in Minab, a city in the Hormozgan province of southern Iran, killing at least 53 people, according to state media, as the immediate civilian cost from Israel and the United States’ huge bombardment of Iran comes into sharper focus.

Workers are continuing to clear wreckage from the site, where 63 others have been injured on Saturday, said Iran’s state-run IRNA news agency. The strike is part of a wave of joint US-Israeli military attacks across Iran that has triggered an outbreak of regional violence.

Advertisement

Recommended Stories

list of 4 itemsend of list

Iranian Foreign Minister Abbas Araghchi shared a photo of the attack, which he said destroyed the girls’ school and killed “innocent children”.

“These crimes against the Iranian People will not go unanswered,” Araghchi wrote in a post on X.

Iran’s Foreign Ministry spokesman Esmail Baqaei also slammed the “blatant crime” and urged action from the United Nations Security Council.

Separately, Iran’s Mehr news agency reported that at least two students were killed by another Israeli attack that hit a school east of the capital, Tehran.

Reporting from Tehran, Al Jazeera’s Mohammed Vall said the attacks call into question US and Israeli claims that “they are targeting only military targets and they are trying to punish the regime, not the people of Iran.”

Advertisement

“President Trump has promised the Iranian people that aid or help is coming their way, but now we are seeing civilian casualties; that’s something that the Iranian government will stress as a case of violation of international law and an aggression against the Iranian people, ” said Vall.

There was no immediate reaction from the US or Israel on Iran’s claims about the school strikes.

The last time the US and Iran waged attacks on Iran in June 2025, sparking the 12-day war, the civilian toll in Iran was also heavy.

According to Iran’s Ministry of Health and Medical Education, thousands of civilians were killed or injured, and public infrastructure was damaged, during that conflict.

Advertisement
Continue Reading

World

Trump says he is directing federal agencies to cease use of Anthropic technology

Published

on

Trump says he is directing federal agencies to cease use of Anthropic technology
U.S. President Donald Trump on Friday said he was directing every federal agency to immediately cease all use of Anthropic’s technology, adding there would be a six-month phase out for agencies such as the Defense Department who use the company’s products.
Continue Reading

Trending