Last week, we saw the growing threat posed by the Iranian regime, as the IDF seized thousands of weapons and explosives from the West Bank city of Jenin, which has been taken over by Iranian-backed Palestinian terrorists.
Iran has been able to fund terrorism in Jenin and elsewhere with an additional $25 billion in annual revenue generated by selling illegal oil, much of it to China, in violation of U.S. sanctions.
Iranian oil exports have doubled since last year, reaching an estimated 1.6 million barrels a day in May 2023, the highest levels since 2018. This massive source of revenue dramatically reduces the economic pressure on Iran and is helping to fund the surge in terrorist attacks against Americans and Israelis, including from the West Bank, Gaza, Lebanon, Iraq and Syria.
These black-market exports also enable China to purchase millions of barrels of oil at a discounted price, helping accelerate the Chinese and Iranian economies at the expense of America and our allies.
Reps. Mike Lawler (R-NY) and Jared Moskowitz (D-FL) are leading a key piece of bipartisan legislation in the House to counter Iran’s illegal oil exports and cut off the funding to the Iranian regime.
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