Photo: In this photo made available by the U.S. Navy, a boat of Iran’s Islamic Revolutionary Guard Corps Navy (IRGCN) operates in close proximity to patrol coastal ship USS Sirocco (PC 6) and expeditionary fast transport USNS Choctaw County (T-EPF 2) in the Strait of Hormuz on June 20, 2022.
Published on September 1, 2022 in The Hill.
With a renewed nuclear deal reportedly imminent, the Biden administration has touted its hard-nosed negotiating tactics forcing Iran to accept that its Islamic Revolutionary Guards Corps (IRGC) will remain on the State Department’s list of Foreign Terrorist Organizations. While that’s technically accurate, the real question is what practical effect any new deal might have on IRGC finances and whether they would benefit from the $100 billion a year in sanctions relief likely to also be part of a renewed agreement.
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