The Biden administration has been steadily cracking under the international pressure to relax sanctions on Iran. The reason that the pressure exists is because several countries want to make deals with the hostile state, but so-called secondary sanctions await European businesses that try to get a shot at the Iranian market.

This secondary sanctions system was first implemented by specific measures regarding exclusively to foreign financial institutions, in order to stem the efforts made by the Iranian Government to carry out some financial activities considered hostile by the American administration. These regulations concern foreign banks, savings banks, money service businesses, trust companies, securities brokers and dealers, commodities exchanges, clearing corporations, investment companies, employee benefit plans, and holding companies, affiliates, or subsidiaries of any of these entities.

With the American dollar being top dog as a reserve currency, financial institutions would take a few shots to the face if they didn’t get Iran out of trouble first.

So the talks happening in Vienna supposedly do not include the US as a direct participant, but that is just for domestic consumption. Everything Iran wants is being delivered crystal clear. And basically what it amounts to is a complete relaxation of all sanctions. Our fearless leaders have been in the process of helping Iran in other ways to try to find a face saving sweet spot short of sanctions repeal.

And while I fully expect the Biden team to eventually relent, it should be understood that caving in to Iran is also putting big fat Benjamins into China’s pocket. China and Iran have recently entered into a 25 year plan that is a bid to strengthen ties between the two countries, and provide a way for Iran to skirt around sanctions on selling oil on the open market. Beyond providing relief to Iran’s economy, it also gives China a foothold in the Persian Gulf, a place that is of vital importance to the world’s economy. It is estimated that  20 percent of the entire world’s supply of oil, and over 30 percent of all seaborne trade flows through the Strait of Hormuz.

In essence, any help that the US gives to the Iranian economy, can feed into the newfound relationship between our enemies. It is for this reason that China is so keen on aiding Iran out of its current political quagmire. By releasing pressure on Iran, Biden is giving a big boost to the Communists.