President Biden pulled punches when enforcing oil sanctions against Iran. Forsaking the leverage inherited from President Trump’s “maximum pressure,” Biden opted for “maximum deference” from the get-go, and with clearly disastrous results.
Not only is there no deal in place today constraining Iran’s nuclear program, but Tehran’s theocrats have used oil export revenues – an estimated at $144 billion of which was earned during Biden’s first three years – to underwrite the cycle violence currently engulfing the Middle East.
