US State Department report: Iranian oil profits are main funding source for proxies, says source

A US State Department report submitted to Congress this week states that profits from Iranian oil sales constitute the primary funding source for Iran's proxies, an American source tells Amichai Stein (i24NEWS). The report was delivered in the same week the administration decided to lift sanctions on oil sales, according to the source.

The State Department report, submitted to Congress this week, directly ties Iranian oil revenues to Tehran's network of regional proxies, according to an American official cited by Amichai Stein (i24NEWS). The finding comes as the Trump administration moves to lift sanctions on Iranian oil sales as part of an emerging US-Iran agreement, which The Zioneer has reported extensively this week: on Tuesday, the Wall Street Journal reported that the deal would include immediate sanctions relief on oil and banking; on Wednesday, AFP quoted the US as saying Iran would be allowed to sell oil as soon as a nuclear deal is signed; and earlier Thursday, Iran's Foreign Ministry said sanctions on oil exports were beginning to lift overnight. The report's conclusions underscore a tension at the heart of the administration's policy: the same revenues the US identifies as fuel for proxy activity are being freed under the new arrangement. The source did not specify whether the report explicitly recommends action in light of this assessment. The timing — the report reaching Congress as sanctions are removed — has drawn attention from Israeli officials and analysts monitoring the deal's implications for regional security.

• Strongyesterday · 23:55 · 17 JunIran's Central Bank Chief Says Funds From Oil Sales Will Be Under Bank's Control
• Strong2 days ago · 21:53 · 16 JunWSJ: US-Iran deal to include immediate sanctions relief on oil and banking
• Developing2 days ago · 21:14 · 16 JunOil exports resume as Iran confirms deal with the United States
• Strongyesterday · 20:19 · 17 JunUS says Iran to be allowed to sell oil as soon as nuclear deal is signed — AFP

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