broadening and deepening, with increasingly significant effect on Iran’s economy. The objective,
not achieved to date, remains to try to compel Iran to verifiably confine its nuclear program to
purely peaceful uses. As 2012 begins, Iran sees newly-imposed multilateral sanctions against its
oil exports as a severe threat - to the point where Iran is threatening to risk armed conflict. Iran
also has indicated receptivity to new nuclear talks in the hopes of reversing or slowing the
implementation of the oil export-related sanctions. The energy sector provides nearly 70% of
Iran’s government revenues. Iran’s alarm stems from the potential loss of oil sales as a result of:......