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 August 2, 1997 expiration. This routine annual continuation maintains existing restrictions without imposing new measures.

Federal Register Open PDF 62 FR 41803

Impact dates

Aug 2, 1997
Emergency and measures continue beyond this date
Jul 31, 1997
Federal Register publication and congressional transmittal

Market exposure

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

Sectors

Oil & gas Shipping & logistics

Mechanisms

Ban / prohibitionLicensing

Role pressure

AdverseTrading-partner exporter — Iraqi oil exports remain blocked under continued sanctions
AdverseImporter — US entities barred from importing Iraqi goods

Geographies

US OTHER

Exposure dates

1997-08-02 — Emergency and measures continue beyond this date

Illustrative public companies

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

DACDanaosSHELShellTSLATeslaZTOZTO Express

Confidence: high · Policy alerts

Key directives

Continue national emergency with respect to Iraq beyond August 2, 1997
Publish notice in Federal Register
Transmit notice to Congress

Timeline

Immediate

Continuation of trade sanctions and asset blocking on Iraq takes effect upon notice

Near term (90d)

Federal Register publication and congressional transmittal

Long term

Emergency remains in effect until next annual review or termination by Congress/President

Risks & tensions

Routine continuation with no policy change; tensions with Iraq ongoing but document adds no new escalation
Vague 'activities hostile to United States interests' lacks specificity on current threat assessment