U.S. President Joe Biden submitted a circular to the Treasury, Energy and State Ministries on the reports prepared to reduce the purchase of Iranian petroleum products without affecting the global oil market in accordance with the 2012 National Defense Authorization Act.
“Based on the authority vested in me as President by the U.S. Constitution and laws, reports by the Energy Information Administration, including reports submitted to Congress in April 2023, global economic conditions, reserve storage levels, and availability of strategic reserves,” said Biden’s circular. Sufficient oil from non-Iranian countries for foreign financial institutions to significantly reduce the volume of purchases of Iranian oil and oil products, in accordance with clauses 1245(d)(4)(B) and (C) of the National Defense Authorization Act 2012, taking into account other relevant factors such as and I decide it’s the oil product supply.” used the phrases.
The US leader emphasized that he will continue to monitor this situation closely.
As part of the measures taken against Iran since 2012, the USA is trying to reduce the supply of Iranian oil products to the international market as much as possible.
The President of the United States issues a circular stating that the measures taken every year do not affect the global energy market and whether there is sufficient supply of oil and petroleum products in the global market, excluding Iran. (AA)