Headline RoundupJune 6th, 2018
Obama Administration Granted Iran Secret License to Access U.S. Financial System
Summary from the AllSides News Team
The Obama administration allegedly gave Iran a license to access the U.S. financial system after striking the nuclear deal, despite public officials' promises that this wouldn't happen, according to a new report by Senate Republicans. The plan never came to fruition, as two U.S. banks would not participate.
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From the Right
Obama administration allegedly gave Iran access to US financial systemFox News Digital
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The Obama administration granted a license letting Iran access the United States financial system despite officials’ pledges that they would prohibit it, according to a draft report from the Senate’s Permanent Subcommittee on Investigations.
From the Left
Senate Republicans claim that Obama secretly helped Iran get around US sanctionsVox
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“The Obama administration misled the American people and Congress because they were desperate to get a deal with Iran,” said one senator.
From the Left
Secret Obama-era permit let Iran convert funds to dollarsAssociated Press
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After striking an elusive nuclear deal with Iran, the Obama administration found itself in a quandary in early 2016: Iran had been promised access to its long-frozen overseas reserves, including $5.7 billion stuck in an Omani bank.
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