, Columnist
America Is Subsidizing Iran’s Fight Against America
Iran has been able to boost its oil production to a five-year high and earn billions of dollars — despite American sanctions supposed to target its oil industry.
An anti-US mural in Iran's capital Tehran on March 12, 2022.
Photographer: ATTA KENARE/AFPThis article is for subscribers only.
President Joe Biden has promised to “hold all those responsible to account” after a series of weekend attacks against American troops in the Middle East, blaming Iranian-backed militias. The response, he said, would come “at a time and in a manner [of] our choosing.”
Undoubtedly, the Pentagon will present the White House with military options. But there’s another manner in which to respond: Close the petrodollar spigot.