Senate Probe Exposes Obama's Secret Iran Deal To Sidestep US Sanctions

Seemingly not satisfied with airlifting billions in US taxpayer cash on pallets to Tehran, AP reports that the Obama administration secretly sought to give Iran access to the U.S. financial system by sidestepping sanctions kept in place after the 2015 nuclear deal, despite repeatedly telling Congress and the public it had no plans to do so.

An investigation by Senate Republicans released Wednesday that exposes the Obama administration's politically-motivated actions to secretly offer help to Iran while withholding the truth from the American taxpayers about the extent of Washington's handouts to Tehran. As AP reports,

The report by the Senate Permanent Subcommittee on Investigations revealed that under President Barack Obama, the Treasury Department issued a license in February 2016, never previously disclosed, that would have allowed Iran to convert $5.7 billion it held at a bank in Oman from Omani rials into euros by exchanging them first into U.S. dollars. If the Omani bank had allowed the exchange without such a license, it would have violated sanctions that bar Iran from transactions that touch the U.S. financial system.

While issuing the license was not illegal, AP reports that it still went above and beyond what the Obama administration was required to do under the terms of the nuclear agreement.

Under that deal, the U.S. and world powers gave Iran billions of dollars in sanctions relief in exchange for curbing its nuclear program. Last month, President Donald Trump declared the U.S. was pulling out of what he described as a “disastrous deal.”

The license issued to Bank Muscat stood in stark contrast to repeated public statements from the Obama White House, the Treasury and the State Department, all of which denied that the administration was contemplating allowing Iran access to the U.S. financial system.

However, the Obama administration's effort only failed as they were unable to find a compliant bank. American banks - themselves afraid of running afoul of U.S. sanctions - declined to participate. The Obama administration approached two U.S. banks to facilitate the conversion, the report said, but both refused, citing the reputational risk of doing business with or for Iran.

Ironically, this 'scandal' appears just days after Obama proudy proclaimed that his administration had no scandals and Republicans, rightly so, are pointing out the hypocrisy. Sen. Rob Portman, R-Ohio, the subcommittee’s chairman, exclaimed:

“The Obama administration misled the American people and Congress because they were desperate to get a deal with Iran."

As a reminder, at the time, Iran hawks in the U.S., Israel and elsewhere argued that the United States was giving far too much to Tehran and that the windfall would be used to fund extremism and other troubling Iranian activity. It appears the hawks were right after all; and as AP reports, telling the truth, the whole truth, and nothing but the truth was perhaps not entirely exhibited by the Obama administration...

Obama administration officials at the time assured concerned lawmakers that a general license wouldn’t be coming. But the report from the Republican members of the Senate panel showed that a draft of the license was indeed prepared, though it was never published.

And when questioned by lawmakers about the possibility of granting Iran any kind of access to the U.S. financial system, Obama-era officials never volunteered that the specific license for Bank Muscat in Oman had been issued two months earlier.

A former administration official told Fox News that the Senate subcommittee’s findings are inaccurate, asserting that Iran never had any improper access to the U.S. financial system.

“This specific license was in fulfillment of JCPOA commitments to give Iran access to pools of its money held overseas. It was aimed solely to allow the movement of Iran’s own funds stranded at an Omani bank into euros at a European bank, where Iran could then make use of them,” the former official explained.

According to the report, Iran is believed to have found other ways to access its money, possibly by exchanging it in smaller quantities through another currency.

 

Comments

Buckaroo Banzai Bigly Wed, 06/06/2018 - 14:57 Permalink

I want to see the Iranians follow through on their threat to expose all the European and American politicians that they bribed to grease the skids on the blatantly one-sided Iran "deal". Funny how the media black-holed that little piece of information that came out a few weeks ago. Trump needs to make exposure of the bribed politicians contingent on any new deal with Iran. Of course the Jews don't want any deal with Iran so they will try to squash this from happening. Hopefully Trump has already set up a back channel to the Iranian leadership so he can route around the Jew spies who have infiltrated his own administration.

In reply to by Bigly

sarz Buckaroo Banzai Thu, 06/07/2018 - 12:37 Permalink

I want to see the Iranians follow through on their threat to expose all the European and American politicians that they bribed to grease the skids on the blatantly one-sided Iran "deal". 

No such threat and no such bribe, so naturally no evidence of either. What's the name of the ministry that runs your main troll farm, Shlomo? Strategic Affairs or some such, isn't it?

Blatantly one-sided? One-sided is when defending oneself from Jews is antisemitic. One-sided is when you murder the president of the United States to keep your nukes.

http://www.unz.com/article/did-israel-kill-the-kennedies/

In reply to by Buckaroo Banzai

Bigly JRobby Wed, 06/06/2018 - 14:54 Permalink

The shemale is complicit, so I would say yes even though that is no love connection. 

The question is about his revolting spawn. They are hideous fugly entitled losers and cannot stand on their own feet without daddy's pseudo-elevated status. Do they make a run too?

In reply to by JRobby

bowie28 lester1 Wed, 06/06/2018 - 14:29 Permalink

To be fair, Obama was telling the truth when he said the pallets of cash to Iran was not ransom for hostages. 

But that's only half the truth.

The rest of the truth is that the cash WAS to fund the secret terms of the agreement and cover bribes to politicians (US, EU, Iran) to keep quiet about the those secret terms, which have still not been made public.

When that info comes out the entire story changes and will be a much bigger deal than most people realize.  There is a reason they went to such lengths and paid so many millions in bribes to protect that secret.  The same reason they are in a state of panic and desperately trying to do anything they can to prevent it from being disclosed now.  They never expected Hillary to lose.

 

 

 

In reply to by lester1

Tamam Shud JRobby Wed, 06/06/2018 - 16:37 Permalink

I had an account from a few years ago, but took a long hiatus before the election.  Couldn't find my login details, so I started from scratch.  I had that account before you started yours 4 years back, so there's that.

You dungeon dwellers really get hung up on people invading your party.  Before you make an incorrect statement, I'm not an anti-Trump liberal like you people seem to loathe.

In reply to by JRobby