[20190424]IN11108_伊朗石油制裁例外终止.pdf

CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Iran Oil Sanctions Exceptions Ended Kenneth Katzman Specialist in Middle Eastern Affairs April 24, 2019 Overview On April 22, 2019, the State Department announced that exceptions granted to eight countries enabling them to buy Iranian oil without U.S. penalty would not be renewed when they expire on May 2, 2019. The announcement stated that the global oil market is sufficiently well supplied to permit the move, which “aims to bring Irans oil exports to zero, denying the regime its principal source of revenue.” The decision has raised speculation over how effective it will be in reducing Irans oil exports, how Iran will react, and potential effects on the global oil marketissues that might potentially be considered in evaluating legislation, including Iran sanctions legislation, in the 116th Congress. Legislative Basis The State Department announcement represents a decision under Section 1245 of the FY2012 National Defense Authorization Act (NDAA; P.L. 112-81). That law requires the President to prevent a foreign bank from opening or maintaining an account in the United States if that bank is determined to