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

On May 12, 2025, President Donald Trump issued a determination under the National Defense Authorization Act for Fiscal Year 2012, asserting that there is a sufficient global supply of petroleum from countries other than Iran. This decision supports a significant reduction in Iranian oil imports, aiming to pressure Iran economically by limiting its oil revenue. The move could strain U.S.-Iran relations and may have broader implications for global oil markets and international diplomacy, as it encourages foreign financial institutions to avoid transactions involving Iranian petroleum.