Iranian oil embargo, November 2017

Administration of Donald J. Trump, 2017

November 15, 2017

By the President of the United States of America

A Determination

Iranian oil embargo, November 2017

Determination for the Archivist of the United States, Secretary of State, Secretary of the Treasury, and Secretary of Energy

By the authority vested in me as President by the Constitution and the laws of the United States, after carefully considering the reports submitted to the Congress by the Energy Information Administration, including the report submitted September 12, 2017, and other relevant factors such as global economic conditions, increased oil production by certain countries, the global level of spare petroleum production capacity, and the availability of strategic reserves, I determine, pursuant to section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012,, and consistent with prior determinations, that there is a sufficient supply of petroleum and petroleum products from countries other than Iran to permit a significant reduction in the volume of petroleum and petroleum products purchased from Iran by or through foreign financial institutions.

I will continue to monitor this situation closely.

The Secretary of State is authorized and directed to publish this determination in the Federal Register.

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 * Donald J. Trump