UANI Calls on International Community to Reject Iranian Regime's Threats to End Oil Exports, Increase Economic Pressure

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FOR IMMEDIATE RELEASE October 24, 2012 Contact: Nathan Carleton, press@uani.com  Phone: (212) 554-3296      UANI Calls on International Community to Reject Iranian Regime's Threats to End Oil Exports, Increase Economic Pressure   New York, NY - United Against Nuclear Iran (UANI) CEO, Ambassador Mark D. Wallace, issued the following statement today in response to the Iranian regime's threats to stop all of its oil exports if sanctions increase: The oil markets are no longer subject to the manipulative threats of the Iranian regime. Global oil supply has more than adequately made up for the volatility and decline of Iranian oil sales as Saudi Arabia, Iraq, Libya, and others have met demand. Moreover, speculative traders in the oil markets have long ago factored in the volatility and decrease in Iranian oil sales. Iran's oil exports have already been cut in half in the past year, falling by one-and-a-half million barrels per day, yet oil prices have not gone up as a result. If Iran were to follow through on its threat to stop exporting its oil, the biggest victim would be the regime itself. The global oil market is fully capable of withstanding a drop or complete loss of Iranian oil. Iran is supplying only 860,000 barrels of the more than 80 million barrels consumed globally every day, and oil prices fell to a three month low yesterday in spite of the regime's threats. The negligible impact of the regime's statements this week on global oil markets, combined with the ongoing collapse of its currency, proves that the regime is losing its tenuous grip on the Iranian economy and the international community was correct in working to curtail Iran's oil exports. It is now time to make sanctions even stronger, and truly force the regime's hand. We call for a full economic blockade on Iran, in order to isolate it from the rest of the world and force it to choose between having a nuclear weapon or having a functioning economy. In July, Ambassador Wallace wrote the RealClearWorld.com Op-Ed, "Don't Fear the Iranian Oil Reaper," in which he argued that the world's oil markets could comfortably withstand a loss of Iranian crude. "The data conclusively shows that the world should not fear the continued reduction - or even the complete removal - of Iranian crude from the global oil market," Wallace wrote. "Global markets have survived shocks of greater magnitude over the past 10 years, including the loss of production from Iraq during the Second Gulf War, Venezuela during the general strike of 2002-03 and Libya during its recent armed conflict." ###  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 prospect of a nuclear-armed Iran should concern every American and be unacceptable to the community of nations. Since 1979 the Iranian regime, most recently under President Mahmoud Ahmadinejad's leadership, has demonstrated increasingly threatening behavior and rhetoric toward the US and the West. Iran continues to defy the International Atomic Energy Agency (IAEA) and the United Nations in their attempts to monitor its nuclear activities. A number of Arab states have warned that Iran's development of nuclear weapons poses a threat to Middle East stability and could provoke a regional nuclear arms race. In short, the prospect of a nuclear armed Iran is a danger to world peace. United Against Nuclear Iran (UANI) is a non-partisan, broad-based coalition that is united in a commitment to prevent Iran from fulfilling its ambition to become a regional super-power possessing nuclear weapons.  UANI is an issue-based coalition in which each coalition member will have its own interests as well as the collective goal of advancing an Iran free of nuclear weapons. 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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