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

President Donald Trump issued this presidential determination to certify that enough oil and petroleum products are available from countries other than Iran. Based on reports from the Energy Information Administration and other factors such as global economic conditions and strategic reserves, the determination says the market can support a significant reduction in purchases of Iranian petroleum made by or through foreign financial institutions. The action is issued under section 1245 of the National Defense Authorization Act for Fiscal Year 2012, which requires this kind of finding. It also directs the Secretary of State to publish the determination in the Federal Register and notes that the administration will continue monitoring the situation.