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NoticeNoticeClinton · D Quiet signal

Presidential Notice

Continuation of Iran Emergency

President Clinton continued the national emergency with respect to Iran for another year, originally declared by Executive Order 12957 on March 15, 1995, citing ongoing threats from Iran's support for terrorism, efforts to undermine Middle East peace, and weapons of mass destruction programs. The notice distinguishes this emergency from the earlier Iran hostage crisis emergency declared in 1979 under Executive Order 12170.

Federal Register Open PDF 61 FR 9897

Impact dates

  1. Emergency would have expired without continuation

Market exposure

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

Sectors

Oil & gasBanking & financeOther industrial

Mechanisms

Ban / prohibitionLicensing

Role pressure

  • AdverseImporter — US persons barred from importing Iranian-origin goods and services under EO 12959 comprehensive sanctions
  • AdverseTrading-partner exporter — Iranian oil and petrochemical exports to US market blocked; secondary sanctions risk for foreign entities
  • ProtectiveDomestic producer — US energy producers face reduced competition from Iranian oil imports

Geographies

USEUJP

Exposure dates

  • — Emergency would have expired without continuation

Illustrative public companies

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

MMM3MAAPLAppleBACBank of AmericaBLKBlackRockCATCaterpillarLNGCheniere EnergyCVXChevronCOPConocoPhillipsXOMExxon MobilFCXFreeport-McMoRanGEVGE VernovaGSGoldman SachsHONHoneywellHSBCHSBCJPMJPMorgan ChaseSHELShellSPYSPDR S&P 500 ETFTSLATesla

Confidence: high · Policy alerts

Key directives

  • Continue national emergency with respect to Iran beyond March 15, 1996
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • National emergency continues beyond March 15, 1996
  • Sanctions under EO 12957 and EO 12959 remain in effect

Near term (90d)

  • Annual congressional notification completed

Long term

  • Emergency subject to annual renewal under National Emergencies Act
  • Comprehensive sanctions architecture persists indefinitely

Risks & tensions

  • Maintains dual-track Iran policy alongside diplomatic channels
  • Distinguishes 1995 emergency from 1979 hostage crisis emergency to preserve separate legal authorities
  • Sanctions regime creates compliance burden for multinational corporations
Presidential Notice: Continuation of Iran Emergency · Executive Orders