ExecutiveOrdersEO
Det 2026-13DeterminationTrump 47 · R

Presidential Determination 2026-13

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

The President determined that global petroleum supplies from non-Iranian sources remain sufficient to allow countries to significantly reduce Iranian oil purchases without causing supply disruptions. This continues a long-standing sanctions mechanism that restricts foreign financial institutions from processing Iranian oil transactions. The determination maintains existing policy rather than introducing new restrictions.

Federal Register Open PDF 91 FR 27177

Impact dates

  1. Federal Register publication filed

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Oil & gasBanking & financeShipping & logistics

Mechanisms

Ban / prohibitionLicensing

Role pressure

  • ProtectiveTrading-partner exporter — Non-Iranian oil exporters (Saudi Arabia, UAE, Iraq, US) benefit from maintained structural barrier against Iranian competition
  • MixedImporter — Countries like China, India, Turkey face continued sanctions risk if purchasing Iranian oil; must weigh price discounts against financial exclusion
  • ProtectiveDomestic producer — US shale and conventional producers face slightly less competition from Iranian barrels in global market

Geographies

USCNINKRJPEUOTHER

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

BACBank of AmericaBLKBlackRockLNGCheniere EnergyCVXChevronCOPConocoPhillipsDACDanaosXOMExxon MobilGEVGE VernovaGSGoldman SachsHSBCHSBCJPMJPMorgan ChaseMATXMatsonSHELShellSPYSPDR S&P 500 ETFTSLATeslaZTOZTO Express

Confidence: high · Policy alerts

Key directives

  • Determine sufficient non-Iranian petroleum supply exists to permit significant reduction in Iranian oil purchases
  • Continue monitoring global petroleum supply situation
  • Publish determination in Federal Register

Who is ordered

Timeline

Immediate

  • Determination takes effect upon signing; foreign financial institutions remain exposed to sanctions for significant Iranian oil transactions

Near term (90d)

  • Continued monitoring of global petroleum supply conditions and strategic reserve levels
  • Potential enforcement actions against institutions violating Iranian oil sanctions

Long term

  • Ongoing structural pressure on Iranian oil exports and revenue
  • Sustained reliance on alternative suppliers (Saudi Arabia, UAE, Russia, US, etc.)

Risks & tensions

  • Maintains coercive economic pressure on Iran but does not escalate or relax it
  • Vague 'continue to monitor' language leaves room for future policy shifts without structural clarity
  • Dependent on EIA reporting that may lag real-time market disruptions
Presidential Determination 2026-13: Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012 · Executive Orders