Iran's military forces will get a large influx of cash thanks to a booming energy economy, despite Western sanctions.
Iran's military forces will get a large influx of cash thanks to a booming energy economy, despite Western sanctions. The regime's upcoming 2025 budget will triple the amount of oil revenue allocated to its armed forces. As tensions with Israel and by proxy the U.S. reach a fever pitch, the government expects next year to take in $26 billion from oil exports, 37.5% of its total revenue.
Republicans have long criticized the Biden administration for 'turning a blind eye' to illicit oil and gas sales and refusing to enforce sanctions, which they say enriched Iran to fund its proxies Hamas and Hezbollah to attack Israel and the Houthis to attack Western trade routes. Despite U.S. sanctions, Iran has been able to export near-record amounts of oil, around 1.7 million barrels per day.
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