The Republican Study Committee (RSC) has unveiled new legislation, titled the ‘No Oil From Terrorists Act’, to block purchase of oil products from Iran.
The study group said on Tuesday that the Biden administration needs to focus on boosting domestic energy supplies rather than funding terrorist regimes following the ban on Russian oil over the invasion of Ukraine.
The GOP members of Congress are trying to prevent replacing Russian oil with new imports from Iran amid rising gas prices, saying Biden should lift his executive orders that canceled the Keystone XL pipeline from Canada and froze new oil and gas leases on federal lands.
RSC chairman Jim Banks says Biden crushed the energy industry when “he left Americans dependent on our foreign adversaries for oil. This sent gas prices through the roof and allowed Putin to fund his unprovoked war."
"To add insult to injury, the Biden administration is now considering buying oil from Iran, the world’s largest state sponsor of terror. There is absolutely no reason to import terrorist’s oil when we can drill better, cheaper, and cleaner right here at home", Banks continued.
Republican Senator Marco Rubio said in a Fox news opinion piece on Wednesday that Iran is supplying Russia with illicit oil to finance his war in Ukraine, adding. “This is alarming to say the least, because America and its allies are on the verge of providing a $10 billion windfall to the terrorist regime in Tehran”.
Sen. Rubio did not provide any more details of the alleged scheme.