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Biden's Got No Leverage, Israel's Impotent. Iran Has Nothing to Fear From Nuke Talks

Yossi Melman head
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Yossi Melman head

When the negotiations over the nuclear deal resume next week, Iran can pat itself on the back because October was a very good month for its sanctions violations.

Tankers in its service delivered some 170,000 tons of crude oil without any disturbance. That translates to about 1.2 million barrels, whose price has soared in the past six months from $25 to $76 per barrel. Iran’s gross income from the sale of oil last month totaled some $90 million. It earned similar sums in August and September, and the same will be true this month, bringing in a grand total of about $1 billion for 2021 – which is equal to Hezbollah’s annual budget. Not bad for the regime of ayatollahs amid its efforts to patch up a damaged economy.

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