Obama extends two decades-long national emergency with Iran, despite nuclear talks
US President Barack Obama extended the country’s national emergency with respect to Iran on Wednesday, noting that the crisis in relations “has not been resolved” despite high-stakes negotiations between the countries under way over Tehran’s nuclear program.
The official state of relations has been in crisis for two decades, since March 15, 1995, when President Bill Clinton signed executive executive order 12957 pursuant to the International Emergency Economic Powers Act.
Technically, there are two executive orders on Iran declaring states of emergency: order 12957 and order 12170, signed by President Jimmy Carter. Together, they have frozen Iranian assets held in the United States and have prohibited certain transactions with respect to Iran’s petroleum products.
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