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

Key Points

• Trump says there’s enough oil from countries other than Iran, so buyers can reduce how much oil they purchase from Iran.
• This finding is used to support tougher pressure on Iran’s oil sales, since countries can’t as easily argue “we have no other choice.”
• It mainly affects foreign banks and companies that handle Iran-related oil payments, because it signals the U.S. expects a “significant reduction.”
• For most Americans, the biggest day-to-day effect would be indirect—possible changes in gas prices if global oil markets tighten or react.
• Trump says the U.S. will keep watching global oil supply and reserves in case conditions change.

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