Biden Gives Iran Access To $10 Billion After Iranian-Backed Hamas Terrorists Murder 1,200 Israelis
US President Joe Biden during a meeting in the Cabinet Room of the White House in Washington, DC, US, on Friday, Oct. 20, 2023. The US and European Union failed to reach an accord on steel and aluminum ahead of a summit on Friday and are poised to keep negotiating until a year-end deadline, when tariffs would return on billions of dollars of transatlantic trade in the absence of a deal.
Al Drago / Bloomberg via Getty Images

President Joe Biden’s administration allowed the Islamic Republic of Iran to have access to more than $10 billion in electricity revenues, which comes just weeks after Iranian-backed terrorists carried out one of the worst terrorist attacks in world history against Israel.

The decision to allow Iran, the world’s leading state sponsor of terrorism, to have access to the money has generated intense criticism since the money will likely go toward funding terrorism either directly or indirectly, since money is fungible.

“Five weeks after the October 7 massacre and in the wake of 55 attacks on U.S. forces since October 17, the idea of making $10 billion available to the sponsor of all this evil makes little sense,” said Richard Goldberg, a former Trump administration official and senior adviser at the Foundation for the Defense of Democracies (FDD).

“Congress rightfully pushed to lock down the $6 billion in Qatar; it should move quickly to lock down this $10 billion too,” he added.

FDD noted that Iran sends Hamas $100+ million per year and gives another $700+ million a year to Hezbollah, an Islamic terrorist organization based in Lebanon that is considered to be the world’s most powerful non-state actor.

Hezbollah recently attempted to carry out terrorist attacks against Jews living in Brazil, but was thwarted after Israel’s intelligence services alerted federal law enforcement officials in Brazil.

The Wall Street Journal reported last month that 500+ terrorists with Hamas were trained by Iran’s Islamic Revolutionary Guard Corps-Quds Force (IRGC-QF) in the weeks leading up to the October 7 attack.


Many of the weapons used in the attack are believed to have been supplied by Iran, and CNN reported this week that a document recovered from a computer found inside a Hamas truck “shows a Hamas military commander requesting a scholarship for Hamas operatives to study engineering, physics and technology at universities in Iran.”

An Israeli intelligence official said that the document was another example of “an elaborate puzzle of a deep infrastructure of building, supporting, financing and training terror proxies by the Iranian regime around the globe and specifically in the Gaza strip.”

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