Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012
1. Purpose
This determination addresses petroleum supply dynamics and related restrictions on imports from Iran as outlined in the National Defense Authorization Act for Fiscal Year 2012.
2. Key Actions And Directives
- Publication of Determination: The Secretary of State is directed to publish this determination in the Federal Register.
3. Important Points
- Monitoring Oil Supply: The President emphasizes ongoing monitoring of global petroleum supply and conditions.
- Impact on Iran Imports: Highlights the ability to reduce imports of petroleum and petroleum products from Iran significantly.
- Assessment Criteria: Determination based on reports from the Energy Information Administration and current global economic factors.
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