Obama Administration Granted Iran Secret License to Access U.S. Financial System

Headline Roundup June 6th, 2018

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.

Obama Administration Granted Iran Secret License to Access U.S. Financial System

From the Right
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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.

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From the Left
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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.

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From the Center
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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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