[Washington Examiner] During his campaign for president, Joe Biden criticized President Donald Trump’s withdrawal from the 2015 Iran nuclear deal and promised to reverse it.Whereas Trump embraced a policy of "maximum pressure" to compel Iran to cease terrorism, covert nuclear and ballistic missile work, and other rogue behavior, Biden and Rob Malley, his special envoy for Iran, took the opposite approach. They sought to entice Iran with incentives such as sanctions relief, unfreezing assets, and the liquidation of restricted-use escrow accounts.
The scale of the financial relief offered to Iran is now mind-boggling.
In May 2021, Malley was offering Iran relief equivalent to $7 billion, nearly equal to the budget of Iran’s entire conventional military for 2022. As Iranian negotiators stonewalled — they have not sat down with Malley or his team but instead insist on talking through intermediaries — Malley’s team upped the ante. Today, the Biden administration appears poised to provide Tehran with $12 billion, equivalent to a quarter of Iran’s total budget at the real exchange rate. This does not include, of course, the windfall Tehran seeks to gain from increased oil sales already augmented by lack of sanctions enforcement. This fund does not include off-budget spending, such as the oil revenue directly allocated to the Revolutionary Guards or the additional billions that Iran’s national oil company allocates for national stabilization and development but in actuality flows into Revolutionary Guards’ coffers.
Should Supreme Leader Ali Khamenei accept Malley’s offer, the regime will receive an infusion of over $20 billion over the following year, essentially doubling the Revolutionary Guard’s budget. To put that conservative estimate in perspective, a suicide belt costs just $1,500, and the bombing of the Hebrew University cafeteria that killed five Americans cost only $50,000.
Nor does the money now offered to Iran account for the billion-dollar ransoms that the Iranians expect for hostage releases. After all, ever since Jimmy Carter’s administration acquiesced to release Iranian funds in exchange for hostages and Ronald Reagan traded arms for hostages, the Iranian regime simply seizes new hostages to use as chits in their negotiations.
| And even if President Biden somehow refuses to pay ransoms, all those other countries, like France and Germany, will. |