FOUNDATION FOR DEFENSE OF DEMOCRACIES of Sanctions Againstthe Central Bank ofIran Oil Market Impact Mark Dubowitz&ReuelMarcGerecht November 2011
Oil Market Impact of Sanctions Against the Central Bank of Iran
Mark Dubowitz Reuel Marc Gerecht
November 2011
FDD PRESS A division of the FOUNDATION FOR DEFENSE OF DEMOCRACIES Washington, DC
Oil Market Impact of Sanctions Against the Central Bank of Iran
About The Authors
Mark Dubowitz is executive director of the Foundation for Defense of Democracies. His policy work focuses on Iran and Syria, sanctions, and on the use of technology to encourage democratic change. He is the director of the Iran Energy Project which provides leading research and analysis in support of strong, broad-based energy sanctions--including gasoline, natural gas, and oil sanctions--as part of a comprehensive strategy to end the Iranian regime’s pursuit of nuclear weapons, support for terrorism and human rights abuses. It also focuses on the risks of foreign companies in doing business with the U.S. government-blacklisted Islamic Revolutionary Guard Corps, a dominant force in the energy sector.
Mr. Dubowitz writes frequently on Iran energy sanctions issues. He is a regular contributor to Forbes’ Energy Source . His work is often featured in international print and broadcast media. Mr. Dubowitz co-authored past Iran Energy Project reports, including Iran’s Chinese Energy Partners: Companies Eligible for Investigation Under U.S. Sanctions Law and Iran’s Energy Partners: Companies Requiring Investigation Under U.S. Sanctions Law. !"#$%#&'"#()*+,&')-#). #.),-#()/\1"/&$+2# studies provided by FDD to the U.S. government on: (1) the oil market impact of sanctions against the Central Bank of Iran; (2) the role of the Islamic Revolutionary Guard Corps in the Iranian crude oil supply chain; (3) the role ). #&'"#3456#$/#&'"#-"\/"1#7"&-)2",8#&-+1"9#+/1:#;<=#&'"#(-"+&$)/#). #&'"#>/$&"1# States as an “Iranian-Oil-Free Zone” to prohibit the importation into the U.S. ). #-"\/"1#7"&-)2",8#7-)1,(&%#1"-$?"1#.-)8#3-+/$+/#(-,1"@
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Reuel Marc Gerecht is a senior fellow with the Foundation for Defense of Democracies. He focuses on Iran, Iraq, Afghanistan, terrorism, and intelligence.
Mr. Gerecht is the author of The Wave: Man, God, and the Ballot Box in the Middle East (Hoover Institution Press, 2011), Know Thine Enemy: A Spy’s Journey into Revolutionary Iran (Farrar, Straus & Giroux, 1997) and The Islamic Paradox: Shiite Clerics, Sunni Fundamentalists, and the Coming of Arab Democracy #;HI3#J-"%%:#KLL<=@# He is a contributing editor for The Weekly Standard and a correspondent for The Atlantic Monthly , as well as a frequent contributor to the Wall Street Journal , the New York Times :#+/1#)&'"-#7,C2$(+&$)/%@##!"#$%#&'"#()*+,&')-#). #&D)#()/\1"/&$+2# studies provided by FDD to the U.S. government on: (1) the oil market impact of sanctions against the Central Bank of Iran, and, (2) the creation of the United States as an “Iranian-Oil-Free Zone” to prohibit the importation into &'"#>@M@#). #-"\/"1#7"&-)2",8#7-)1,(&%#1"-$?"1#.-)8#3-+/$+/#(-,1"@
Mr. Gerecht served as an Iran specialist at the CIA’s Directorate of Operations.
Oil Market Impact of Sanctions Against the Central Bank of Iran
About The Iran Energy Project
The Iran Energy Project is a project of the Foundation for Defense of Democracies (FDD).
The project ( www.Iranenergyproject.org !" #$%&'()*" $)*)+$,-" +.(" +.+/0*'*" 1-+1" '().1'\)*" 3$+.S*" ).)$50" &6/.)$+7'/'1')*" +*" #+$1" %8 " +" ,%9#$)-).*'&)" *+.,1'%.*" *1$+1)50" 1%" ).(" 1-)" 3$+.'+." $)5'9)S*" .6,/)+$" :)+#%.*" program, support for terrorism, and human rights abuses. The project also analyzes the prominent role of the 3*/+9',";)&%/61'%.+$0"<6+$("=%$#*"'."3$+.S*").)$50"'.(6*1$0>
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Mark Dubowitz Benjamin Weinthal " CK),61'&)"J'$),1%$ " I)//%:B"M)$/'.
Reuel Marc Gerecht Jonathan Schanzer " A).'%$"I)//%: Vice President of Research
Emanuele Ottolenghi Laura Grossman " A).'%$"I)//%:B"M$6**)/* " A).'%$";)*)+$,-"D.+/0*1B" " F$%5$+9"N+.+5)$B"A#),'+/"" Research Projects
About the Foundation for Defense of Democracies
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Richard Carlson Amb. Max Kampelman Vice Chairman Fmr. Ambassador Dr. Paula Dobriansky Bill Kristol Fmr. Under Secretary of State for Editor, Democracy and Global A"airs "e Weekly Standard Steve Forbes Sen. Joseph Lieberman CEO, Forbes Magazine U.S. Senator (I-CT) Judge Louis Freeh Robert McFarlane Fmr. Director of the FBI Fmr. National Security Advisor R. James Woolsey Chairman of FDD, Fmr. Director of the CIA BOARD OF ADVISORS Hon. Charles Allen Kathleen Troia ‘KT’ McFarland Gary Bauer Richard Perle Rep. Eric Cantor Steven Pomerantz Gene Gately Oliver ‘Buck’ Revell Gen. P.X. Kelley Bret Stephens Charles Krauthammer Hon. Francis ‘Bing’ West IN MEMORIAM Jack Kemp Dr. Jeane J. Kirkpatrick Fmr. Secretary of Housing Fmr. Ambassador to the UN and Urban Development Cli"ord D. May President Mark Dubowitz Executive Director NONPARTISAN & NONPROFIT, FDD FIGHTS TERRORISM & PROMOTES FREEDOM P.O. 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