USALife.info / NEWS / 2023 / 10 / 12 / BIDEN UNDER PRESSURE TO REFREEZE $6BN IN IRANIAN OIL MONEY AFTER HAMAS ATTACK
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Biden under pressure to refreeze $6bn in Iranian oil money after Hamas attack

17:33 12.10.2023

Amid mounting pressure and speculation over Iran's involvement in the devastating attack by Hamas on Israel, a contentious deal to unfreeze $6 billion of Iranian oil revenues has been thrown into uncertainty. The Biden administration reportedly convinced Qatar to withhold the funds, breaching a previous agreement. The move comes as Tehran's close ally and proxy, Hamas, launched a deadly assault on Israel, prompting calls for the White House to deny Iran access to the revenues.

Adding to the pressure, five Democratic senators, who are facing re-election next year, have joined Republicans in demanding that President Joe Biden refreeze the Iranian oil revenues. These funds were released as part of a prisoner exchange deal that led to the release of five Americans held captive by Iran. The senators argue that if it is proven that Iran played a key role in the attack on Israel, the president must renege on the agreement.

The attack by Hamas, a Palestinian group known for its hostility towards Israel, has raised concerns about Iran's involvement. As speculation grows, both Democrats and Republicans are pushing for the Biden administration to take a tough stance and deny Iran access to the unfrozen funds. The $6 billion in oil revenues was released last month, and now there are calls to reverse this decision unless Iran's theocratic regime can prove its innocence in the assault.

The attack on Israel resulted in more than 1,000 Israeli deaths, intensifying the urgency for a response. The Biden administration has been facing increasing pressure from both sides of the political spectrum to take action against Iran if there is evidence of its involvement. While the prisoner exchange deal was initially seen as a gesture of goodwill towards Iran, the recent attack by Hamas has cast doubt on the intentions behind the release of the funds.

The situation has further complicated the already delicate relationship between the US and Iran. The release of the prisoners was seen as a significant step towards diplomacy, but now it faces potential backlash. With the involvement of Democrats in the demand for a reevaluation of the agreement, the Biden administration is under scrutiny to ensure that the release of the funds aligns with the interests and security of the United States and its allies.

As tensions continue to rise, the international community is closely watching how President Biden will navigate this issue. The decision on whether to renege on the agreement and freeze the Iranian oil revenues once again will have implications for the US-Iran relationship and the wider geopolitical dynamics in the Middle East. The president is facing a challenging predicament as he balances domestic pressures with international implications, all while trying to maintain stability in a volatile region.

/ Thursday, October 12, 2023, 5:33 PM /

themes:  Joe Biden  Israel  Hamas



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