US to Freeze Iranian Assets Again for Financially Backing Hamas | EWTN News Nightly

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Following the attack by Hamas on Israel, US lawmakers from both parties are pressuring President Joe Biden to punish one of the terror group's believed financial backers, Iran. The administration announced it is temporarily freezing more than $6 billion in Iranian assets that had been released as part of a recent hostage swap. Some lawmakers don't think that goes far enough. Last weekend's violence by Iranian-allied Hamas is fueling new calls for the US to choke off billions in revenue for the Iranian regime, including its oil exports. Lawmakers say the Biden Administration continues to make Tehran richer at the expense of US oil production and by allowing them to sell petroleum to our adversaries. Senator Roger Marshall says, "Iran is selling a billion dollars of oil every week to China. And under Joe Biden, Iran's coffers have grown from 6 billion dollars to 60 billion dollars." Representative John Duarte says, "The Biden administration has allowed Iran to enter the world commerce with its oil and build up tens of billions of dollars in foreign currency reserves that it's now using to deliver this mayhem in Israel today, but around the world soon." Florida Congressman Mike Waltz says he supports sanctioning Iranian oil sales and canceling a $7 billion line of credit from the International Monetary Fund. Capitol Hill Correspondent, Erik Rosales reports. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf

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• Money & Stewardship