WASHINGTON, D.C. – Senator Thom Tillis and his colleagues recently sent a letter to President Biden urging him to immediately enforce oil sanctions on Iran as mandated by Congress. The letter also urges the administration to permanently freeze the $6 billion funding mechanism established in September’s hostage agreement with Iran.
“We write to you during a time of global outrage and sorrow following Hamas’s unprecedented massacre in Israel which has left 1,400 dead, including at least 33 Americans. Iran’s fingerprints are all over the events of October 7th and ensuing escalations across the Middle East. Its leaders have provided Hamas and Hezbollah hundreds of millions of dollars in funding, weapons, and training, bolstering terrorists on Israel’s borders,” the senators wrote.
“We ask that you take immediate action to permanently freeze the funding mechanism established in September’s hostage deal with Iran. This $6 billion would free up money for Iran to use not for the well-being of its own people but for nefarious purposes in the region and beyond. Blocking the world’s largest state sponsor of terrorism from accessing this $6 billion – rescinding or revising all waivers and licensed involved – will hinder the regime’s ability to support the death and destruction of our allies,” the senators continued.
“The world is now seeing the direct result of allowing Iran’s oil revenues to grow and unfreezing billions of dollars in its extraterritorial bank accounts. Congress has a responsibility to ensure sanctions are not only on the books but enforced to their fullest extent. As our trusted ally Israel endures devastation, we must prioritize enforcing all economic sanctions and restricting Iranian oil revenue,” the senators concluded.
Read the full letter HERE.