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As Iran's Oil Exports Skyrocket to 117% of Pre-Geneva Levels, UANI Reiterates Call for Obama Administration to Retract and Revise Past Assurances Regarding Sanctions Relief

As Iran's Oil Exports Skyrocket to 117% of Pre-Geneva Levels, UANI Reiterates Call for Obama Administration to Retract and Revise Past Assurances Regarding Sanctions Relief

FOR IMMEDIATE RELEASE
April 11, 2014  
Contact: Nathan Carleton, press@uani.com
Phone: (212) 554-3296

As Iran's Oil Exports Skyrocket to 117% of Pre-Geneva Levels, UANI Reiterates Call for Obama Administration to Retract and Revise Past Assurances Regarding Sanctions Relief

[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, estimating that buyers imported 1.65 million barrels of Iranian oil per day in February and March:

The Obama administration's 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," are being wholly contradicted by reality, and should be retracted and revised. Indeed, Iran's oil exports have increased 117% since October. It is now statistically impossible for the administration's assurances to be correct, unless oil sales go to effectively zero.

While Iran is enjoying this economic windfall, it has not dismantled a single centrifuge. In fact, the administration acknowledged this week that the nuclear "concessions" Iran has made under the interim agreement have extended its nuclear breakout time by only two weeks. This is the very definition of disproportionality.

President Obama and his administration should take immediate action to halt Iran's skyrocketing oil exports, and outline that action to the American people.

In October 2013, prior to the signing of the Geneva interim agreement, Iran's oil exports stood at 761,000 barrels per day.

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.

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