FDD
Biden Administration Admits Iran’s Oil Exports Have Grown Exponentially in Value and Volume
Saeed Ghasseminejad
September 21, 2024

Earlier this month, the Energy Information Agency (EIA) published its first report about Iran’s petroleum exports as mandated by the Stop Harboring Iranian Petroleum(SHIP) Act enacted earlier this year. The EIA reported that Iran sold $144 billion in the first three years of the Biden administration, $100 billion more than what Tehran exported in the last two years of the Trump administration when the oil sanctions were in effect…The report confirmed what critics of current U.S. policy have been saying: During the Biden administration, Iran’s petroleum exports have increased in value and volume. The report found that between 2021 and 2023, Tehran sold $144 billion of petroleum and petroleum products. This contrasts sharply with the “Maximum Pressure” period, during which Iran’s oil exports declined to just $16 billion in 2020. READ MORE