Presidential Determination
Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012
This determination, required every 180 days under the 2012 NDAA, finds that global petroleum supplies from non-Iranian sources are sufficient to allow significant reductions in Iranian oil purchases. This finding is a statutory precondition for maintaining sanctions on foreign financial institutions that process Iranian oil transactions, effectively continuing the sanctions architecture against Iran's petroleum sector.