Presidential Determination
Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012
President Biden determined that global petroleum supplies are sufficient to allow foreign countries to significantly reduce oil purchases from Iran without causing supply disruptions, continuing a sanctions-related certification required by the 2012 NDAA. This determination maintains the legal foundation for pressuring Iran's oil exports while avoiding mandatory sanctions on countries that reduce their Iranian oil imports.