Why Barack Obama was so desperate to do Iran’s bidding remains a mystery that has yet to be fully explained. What is known this week is yet another layer has been exposed of that troubling relationship between a U.S. president and the #1 state sponsor of terrorism in the world – a fundamentalist Islamic regime that routinely murders women, homosexuals, and other minorities for nothing more than being different.
Supporters of Mr. Obama have long admired his words while detractors point to his actions – actions that so often show a man following a strange and conflicted ideology that always seems to view not only American interests but basic human rights interests, as secondary.
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.
The effort was unsuccessful because 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.
“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, the subcommittee’s chairman.
Former Obama administration officials declined to comment for the record.