Given New Oil Import Data, UANI Calls on Obama Administration to Retract and Revise Past Assurances Regarding Sanctions Relief

FOR IMMEDIATE RELEASE March 14, 2014   Contact: Nathan Carleton, press@uani.com Phone: (212) 554-3296(212) 554-3296 Given New Oil Import Data, UANI Calls on Obama Administration to Retract and Revise Past Assurances Regarding Sanctions Relief Administration's November and December Promises No Longer Comport with Reality [Click here to view a graph showing Iran's oil exports since the Geneva agreement was reached.]    New York, NY - United Against Nuclear Iran (UANI) CEO, Ambassador Mark D. Wallace, made the following statement today regarding new data from the International Energy Agency, showing that buyers imported 1.41 million barrels of Iranian oil per day in both January and February:  It is now indisputable that the Geneva agreement is affording Iran far more sanctions relief than the Obama administration originally described. We respectfully call on President Obama and his administration to retract their past assurances to the American people, that "Iran's oil exports will remain steady at their current level of around 1 million barrels per day," and "We will not allow Iran's exports to increase." President Obama's previous assurances on Iran sanctions no longer comport with reality. Indeed, Iran's oil exports have increased 85% since October. More importantly, President Obama and his administration should also retract and revise their oft-repeated official estimate that "The total relief envisioned in the JPA amounts to between $6-7 billion--nowhere near the $20 or $40 billion that some have reported." Less than two months into the implementation of the Geneva agreement, Iran has already received more than $7 billion in sanctions relief, and is very much on pace for the $20 billion-plus figure estimated by UANI. In fact when the economic benefits of other aspects of the sanctions relief--such as in the automotive, precious metals, and petrochemical sectors--are finally calculated, Iran's total sanctions relief will likely far exceed $20 billion. Iran's extraordinary economic windfall is particularly disappointing as Iran has not dismantled a single centrifuge nor has it dismantled in any way its IR-40 heavy water reactor. We call on President Obama and his administration to not only revise their erroneous estimates on sanctions relief, but also to reverse the current trajectory of Iran's blossoming economy. President Obama and his administration should take immediate action to get Iran's increasing oil exports back below one million barrels per day, and outline that action to the American people. On January 28, Ambassador Wallace testified before the U.S. House Foreign Affairs Committee, regarding the implementation of the Geneva agreement. Said Ambassador Wallace: "The White House estimates that Iran stands to receive $6 billion to $7 billion in sanctions relief. The true value of the sanctions relief is well more than $20 billion. Just calculate the increase in oil sales lest there be any doubt. Now, we believe there will be far less pressure for Iran to actually make material concessions on its nuclear program." Click here to view UANI's Geneva Interim Nuclear Agreement Tracker. Click here to view a transcript of Ambassador Wallace's January 28 testimony. ### United Against Nuclear Iran (UANI) is a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. The Objectives of United Against a Nuclear Iran Inform the public about the nature of the Iranian regime, including its desire and intent to possess nuclear weapons, as well as Iran's role as a state sponsor of global terrorism, and a major violator of human rights at home and abroad; Heighten awareness nationally and internationally about the danger that a nuclear armed Iran poses to the region and the world; Mobilize public support, utilize media outreach, and persuade our elected leaders to voice a robust and united American opposition to a nuclear Iran; Lay the groundwork for effective US policies in coordination with European and other allies; Persuade the regime in Tehran to desist from its quest for nuclear weapons, while striving not to punish the Iranian people, and; Promote efforts that focus on vigorous national and international, social, economic, political and diplomatic measures.  UANI is led by an advisory board of outstanding national figures representing all sectors of our country.

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