ExecutiveOrdersEO
DetDeterminationObama · D Quiet signal

Presidential Determination

Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012

This determination finds that global petroleum markets have sufficient non-Iranian supply to allow foreign financial institutions to significantly reduce purchases of Iranian oil without disrupting markets. It continues a sanctions policy established by the NDAA for FY2012, maintaining pressure on Iran's oil exports.

Federal Register Open PDF 78 FR 76717

Impact dates

  1. Secretary of State to publish memorandum in Federal Register

Key directives

  • Continue policy permitting significant reduction in Iranian oil purchases by foreign financial institutions
  • Secretary of State to publish this memorandum in the Federal Register
  • President will closely monitor market conditions

Who is ordered

Timeline

Immediate

  • Determination takes effect upon signing, continuing existing sanctions framework

Near term (90d)

  • Secretary of State to publish determination in Federal Register

Long term

  • Ongoing monitoring of oil markets to ensure continued accommodation of reduced Iranian oil purchases

Risks & tensions

  • Document is vague on specific enforcement mechanisms or consequences for non-compliance
  • Reliance on EIA report from October 2013 that may not reflect rapid market shifts
  • Continued tension between sanctions pressure and potential market disruption if spare capacity estimates prove optimistic
Presidential Determination: Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012 · Executive Orders