Former President Barack Obama reportedly granted licenses that effectively allowed the Iranian government access to the American financial system, despite repeated promises that the administration would bar the Islamic Republic from entry to the markets.
According to Fox News, the stunning revelation is detailed in a draft report from the Senate’s Permanent Subcommittee on Investigations; raising serious new questions over the behind-the-scenes agreements that led to the Iranian nuclear deal.
“On Feb. 24, 2016, the Treasury Department issued a specific license to Bank Muscat to authorize the conversion of Iran’s rials to euros through ‘any United States depository institution …,’” the draft report said. “Even after the specific license was issued, U.S. government officials maintained in congressional testimony that Iran would not be granted access to the U.S. financial system.”
“The Obama administration during the negotiation of the Iran deal misled the American people,” said Sen. Rob Portman (R-Ohio), subcommittee chairman. “I think they did so because they were desperate to get a deal.”
Read the full report here.