Presidential Determination No. 2027-02 Finds Sufficient Non-Iranian Petroleum Supply

November 13, 2026

President Donald J. Trump signed Presidential Determination No. 2027-02 on October 28, 2026, and it was published in the Federal Register on November 13, 2026 (91 FR 73425). The determination states that there is a sufficient supply of petroleum and petroleum products from countries other than Iran to permit a significant reduction in the volume of petroleum and petroleum products purchased from Iran by or through foreign financial institutions. This finding was made under section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012, after considering Energy Information Administration reports to Congress, including the October 2026 report, along with global economic conditions and the availability of strategic reserves. The President wrote that he will continue to monitor the situation closely. The memorandum directs the Secretary of State to publish the determination in the Federal Register.

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