ExecutiveOrdersEO
NoticeNoticeClinton · D

Presidential Notice

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 the trade sanctions and asset blocking measures beyond their scheduled expiration date of August 2, 1994. The continuation is based on the determination that Iraq's continued hostile activities toward U.S. interests in the Middle East still constitute an unusual and extraordinary threat.

Federal Register 59 FR 37151
No PDF available for this document.

Impact dates

  1. Prior emergency expiration date; continuation takes effect to prevent lapse

Market exposure

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

Sectors

Oil & gasBanking & financeShipping & logisticsOther industrial

Mechanisms

Ban / prohibitionTariff

Role pressure

  • AdverseImporter — Continued prohibition on trade with Iraq blocks market access and commodity imports
  • AdverseTrading-partner exporter — Iraqi oil exports remain blocked; sanctions cut off legitimate trade channels
  • ProtectiveDomestic producer — Removal of Iraqi oil from global supply supports prices for non-sanctioned producers

Geographies

USOTHER

Exposure dates

  • — Prior emergency expiration date; continuation takes effect to prevent lapse

Illustrative public companies

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

MMM3MAAPLAppleBACBank of AmericaBLKBlackRockCATCaterpillarLNGCheniere EnergyCVXChevronCOPConocoPhillipsDACDanaosXOMExxon MobilFCXFreeport-McMoRanGEVGE VernovaGSGoldman SachsHONHoneywellHSBCHSBCJPMJPMorgan ChaseMATXMatsonSHELShellSPYSPDR S&P 500 ETFTSLATeslaZTOZTO Express

Confidence: high · Policy alerts

Key directives

  • Continue national emergency with respect to Iraq beyond August 2, 1994
  • Continue trade sanctions imposed by EO 12722
  • Continue blocking of Iraqi government assets imposed by EO 12724
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • Trade sanctions and asset blocking remain in effect beyond August 2, 1994

Near term (90d)

—

Long term

  • Continued freeze on Iraqi government assets
  • Ongoing trade embargo until further presidential action or congressional review

Risks & tensions

  • Procedural extension of Bush-era policy without policy reassessment
  • Potential tension with congressional oversight under National Emergencies Act 90-day review cycle
Presidential Notice: Continuation of Iraqi Emergency · Executive Orders