Presidential Determination
Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012
This presidential determination certifies that global petroleum supplies from non-Iran sources are sufficient to allow foreign financial institutions to significantly reduce purchases of Iranian oil without disrupting markets. It continues a sanctions mechanism established by the 2012 NDAA by making a required periodic finding, maintaining the legal basis for pressuring Iran's oil exports.