ExecutiveOrdersEO
DetDeterminationObama · D Quiet signal

Presidential Determination

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

Energy & EnvironmentEnergy & EnvironmentDefense & SecurityDefense & SecurityTradeTrade

In simple terms

This determination finds that global petroleum markets have sufficient non-Iranian supply to allow foreign financial institutions to significantly reduce purchases of Iranian oil without disrupting markets. It continues a sanctions policy established by the NDAA for FY2012, maintaining pressure on Iran's oil exports.

Federal Register Open PDF 78 FR 76717

Record & deadlines

  1. Signed

    Signed by the President

  2. FR published

    Published in the Federal Register · 78 FR 76717

    Federal Register PDF

  3. Secretary of State to publish memorandum in Federal Register

Key directives

  • Continue policy permitting significant reduction in Iranian oil purchases by foreign financial institutions
  • Secretary of State to publish this memorandum in the Federal Register
  • President will closely monitor market conditions

Who is ordered

What to expect

Immediate

  • Determination takes effect upon signing, continuing existing sanctions framework

Near term (90d)

  • Secretary of State to publish determination in Federal Register

Long term

  • Ongoing monitoring of oil markets to ensure continued accommodation of reduced Iranian oil purchases

Risks & tensions

  • Document is vague on specific enforcement mechanisms or consequences for non-compliance
  • Reliance on EIA report from October 2013 that may not reflect rapid market shifts
  • Continued tension between sanctions pressure and potential market disruption if spare capacity estimates prove optimistic
Presidential Determination: Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012 · Executive Orders