Presidential Determination
Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012
This presidential determination, issued under the 2012 NDAA, finds that global petroleum supplies are sufficient to allow significant reductions in Iranian oil purchases without harming oil markets. The determination maintains existing sanctions policy by continuing the exemption framework that allows countries to avoid U.S. sanctions if they significantly reduce Iranian oil imports.