As Israel's war against Hamas escalates, US sends a warning to Iran, raising fears of a recession

…While it's difficult to know exactly how much revenue the regime derives from black market sales, "Iran has generated approximately $80 billion in revenue from oil sales under the Biden administration", according to Claire Jungman, chief of staff at United Against a Nuclear Iran, an NGO and watchdog group that closely tracks Tehran's illicit oil exports and arsenal of tankers.  She suggests a substantial portion of this oil is shipped into China, and the oil surplus has not only sustained the regime, "but also significantly fortified their proxies" such as Hamas in Gaza and Hezbollah in Lebanon.