“Think about this: by the end of the Trump administration, because of the massive sanctions we had put on the oil and gas sector, the Iranians had about $4 billion left in foreign reserves. That’s not a lot of money at all in terms of foreign reserves,” Sullivan said. “The Biden administration comes in and immediately says, ‘We’re not going to enforce those sanctions. As a matter of fact, we’re going to get Iran money.’ And right now Iran has well over $75 billion in foreign reserves in the three years since the Trump administration.
“And guess what they’re using that $75 billion for? To fund Hamas, Hezbollah, the Houthis, to train them,” he said.
Sullivan blasted the Biden administration for retreating to its “default position” of “appeasement of Iran.”
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