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Tuesday, October 15, 2024

Iran’s Oil Revenue Skyrockets to $41B Under Biden



Iran’s oil revenue surged to $41 billion in 2023 under President Biden, compared to $8 billion in 2020 under Trump.

 Despite increased exports, Iran missed its budgeted targets due to sanctions evasion costs, selling oil at discounts to countries like China, and providing oil for free to Syria.
 

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