Continuation of Iraqi Emergency

President Clinton continued the national emergency with respect to Iraq that was originally declared by President Bush on August 2, 1990, extending trade sanctions and asset blocking measures beyond their scheduled expiration on August 2, 1996. The continuation is based on the determination that Iraq's hostile activities toward U.S. interests in the Middle East persist.

Federal Register Open PDF 61 FR 38561

Impact dates

Aug 2, 1996
Prior emergency expiration date; continuation takes effect

Market exposure

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

Sectors

Oil & gas Other industrial

Mechanisms

Ban / prohibition

Role pressure

AdverseImporter — Continued prohibition on trade with Iraq blocks access to Iraqi oil and goods
AdverseTrading-partner exporter — Iraqi oil exports remain blocked, constraining global supply from this source

Geographies

US OTHER

Exposure dates

1996-08-02 — Prior emergency expiration date; continuation takes effect

Illustrative public companies

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

AAPLAppleSHELShellTSLATesla

Confidence: high · Policy alerts

Key directives

Continue national emergency with respect to Iraq beyond August 2, 1996
Continue trade sanctions imposed by EO 12722 and EO 12724
Continue blocking of Iraqi government assets

Timeline

Immediate

National emergency with respect to Iraq continues beyond August 2, 1996
Trade sanctions and asset blocking remain in effect

Near term (90d)

—

Long term

Emergency subject to annual renewal under National Emergencies Act unless terminated

Risks & tensions

Routine procedural continuation under 50 U.S.C. 1622(d) requiring annual congressional notification
No new policy measures or modifications to existing sanctions regime
Text implies but does not explicitly detail specific ongoing Iraqi hostile activities