Does a bear defecate in the woods? I already know the answer to both of those questions. Here are two different reports covering the same story. First: https://nypost.com/2018/06/06/inside-obamas-secret-plot-to-let-iran-skirt-sanctions/ The Obama administration secretly sought to give Iran access — albeit briefly — to the US 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. 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 US 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 US financial system. The effort was unsuccessful because American banks — themselves afraid of running afoul of US sanctions — declined to participate. The Obama administration approached two US banks to facilitate the conversion, the report said, but both refused, citing the reputational risk of doing business with or for Iran. “The Obama administration misled the American people and Congress because they were desperate to get a deal with Iran,” said Sen. Rob Portman, R-Ohio. Issuing the license was not illegal. Still, it went above and beyond what the Obama administration was required to do under the terms of the nuclear agreement. 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 US financial system, Obama-era officials never volunteered that the specific license for Bank Muscat in Oman had been issued two months earlier. Now The Washington Post: https://www.washingtonpost.com/worl...4e693b38637_story.html?utm_term=.bd5d08650475 It would take only seconds, and Iran wouldn’t even be directly involved. A computer message from Oman would arrive at the U.S. institution, which would then send a message to another bank in Europe. To facilitate the transaction, Obama officials engaged in lengthy discussions with Iranian and Omani officials; appealed to the two American banks to undertake the transfer; privately issued a special Treasury license that would guarantee it was allowed under still-existing U.S. sanctions; and even approached the New York Federal Reserve Bank for help. One former Obama official countered that issuing a “narrow specific license” for the transaction “cannot be described as granting access to the U.S. financial system.’” Administration actions did not authorize Iran to conduct dollar transactions or business with U.S. banks or provide entry to the U.S. system. The nuclear agreement committed signatories “to give Iran access to pools of its money held overseas.” U.S. efforts in this case, the former official said, were “aimed solely to allow the movement of Iran’s own funds” from a third country to a European bank, “where Iran could then make use of them.” About The majority report of the Senate’s Permanent Subcommittee on Investigations, they said: It does not accuse anyone of lying. Instead, it lays out the details of anxious, behind-the-scenes administration attempts, in the early months of 2016, to resolve an unforeseen kink in the agreement and carefully parsed public statements that are disingenuous if not false. Nice spin, huh?