Presidential Determination
Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012
In simple terms
President Trump determined that global petroleum supplies from non-Iranian sources are sufficient to allow significant reductions in Iranian oil purchases, maintaining a sanctions mechanism under the 2012 NDAA. This continues a policy framework that supports imposing sanctions on foreign financial institutions that facilitate Iranian oil transactions.