Obama-era license aimed to let Iran convert money in dollars - Spokane, North Idaho News & Weather KHQ.com

Obama-era license aimed to let Iran convert money in dollars

Posted: Updated:
WASHINGTON -

The Obama administration secretly sought to give Iran brief access to the U.S. financial system by sidestepping sanctions kept in place after the 2015 nuclear deal, despite repeatedly telling the opposite to Congress and the public.
  
That's according to an investigation by Senate Republicans released Wednesday. It reveals that the Treasury Department issued a license in February 2016 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. The effort was unsuccessful, and the license wasn't illegal.
  
Still, it sheds light on the delicate balance the Obama administration sought to strike after the deal as it worked to ensure Iran received its promised benefits without playing into the hands of the deal's opponents.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Motorcycle passenger killed in Rathdrum crash

    Motorcycle passenger killed in Rathdrum crash

    Saturday, June 16 2018 8:03 PM EDT2018-06-17 00:03:50 GMT

    Members of the Kootenai County Sheriff's Office and the Northern Lakes Fire Department responded to a fatal crash in Rathdrum late Saturday morning. A citizen reported that a truck struck a motorcycle carrying two people in the intersection at W. Lancaster Rd. and N. Huetter Rd. 

    >>

    Members of the Kootenai County Sheriff's Office and the Northern Lakes Fire Department responded to a fatal crash in Rathdrum late Saturday morning. A citizen reported that a truck struck a motorcycle carrying two people in the intersection at W. Lancaster Rd. and N. Huetter Rd. 

    >>
  • Driver charged with following too close in Highway 395 crash

    Driver charged with following too close in Highway 395 crash

    Sunday, June 17 2018 11:55 AM EDT2018-06-17 15:55:41 GMT

    LOON LAKE, Wash.- Washington State Patrol investigators say a driver following too close led to a 3-vehicle crash at Highway 395 and Grote Rd. Saturday evening. The crash happened around 7:15 p.m. Troopers say a silver 2003 Ford Taurus driven by 17-year-old Jon Peter Nelson was northbound on Highway 395, stopped and preparing to turn left onto Grote Road.

    >>

    LOON LAKE, Wash.- Washington State Patrol investigators say a driver following too close led to a 3-vehicle crash at Highway 395 and Grote Rd. Saturday evening. The crash happened around 7:15 p.m. Troopers say a silver 2003 Ford Taurus driven by 17-year-old Jon Peter Nelson was northbound on Highway 395, stopped and preparing to turn left onto Grote Road.

    >>
  • Man who defrauded over 1,000 Walmart stores arrested

    Man who defrauded over 1,000 Walmart stores arrested

    Saturday, June 16 2018 6:38 PM EDT2018-06-16 22:38:29 GMT

    Authorities say a man suspected of making fraudulent returns at more than 1,000 Walmart stores across the U.S. has been arrested in Arizona.

    >>

    Authorities say a man suspected of making fraudulent returns at more than 1,000 Walmart stores across the U.S. has been arrested in Arizona. The Yuma Police Department says 23-year-old Thomas Frudaker was apprehended Wednesday after store employees noticed a suspicious transaction and contacted police.

    >>
HD DOPPLER 6i
/
  • Top Stories from KHQHomeMore>>

  • Woman hospitalized in North Spokane stabbing

    Woman hospitalized in North Spokane stabbing

    Monday, June 18 2018 1:01 AM EDT2018-06-18 05:01:08 GMT

    SPOKANE, Wash. - On Sunday, just after 7 pm, Spokane Police responded to a stabbing call in the 600 block of E Providence Ave in Northeast Spokane. Officers arrived on scene in about two minutes, and located an adult female victim who was suffering from a stab wound. Officers immediately began providing first aid to the victim until SFD and AMR paramedics could take over care.

    >>

    SPOKANE, Wash. - On Sunday, just after 7 pm, Spokane Police responded to a stabbing call in the 600 block of E Providence Ave in Northeast Spokane. Officers arrived on scene in about two minutes, and located an adult female victim who was suffering from a stab wound. Officers immediately began providing first aid to the victim until SFD and AMR paramedics could take over care.

    >>
  • Liberty Lake husband saved by Safeway employees after heart attack

    Liberty Lake husband saved by Safeway employees after heart attack

    Sunday, June 17 2018 9:34 PM EDT2018-06-18 01:34:16 GMT

    LIBERTY LAKE, Wash. - Guardian angels of the grocery store; that’s what one Liberty Lake family says after their loved one had a heart attack outside the Safeway in Liberty Lake. Judy Thompson and her husband,

    >>

    LIBERTY LAKE, Wash. - Guardian angels of the grocery store; that’s what one Liberty Lake family says after their loved one had a heart attack outside the Safeway in Liberty Lake. Judy Thompson and her husband,

    >>
  • Victim in domestic violence situation turned house fire speaks out

    Victim in domestic violence situation turned house fire speaks out

    Sunday, June 17 2018 9:26 PM EDT2018-06-18 01:26:17 GMT

    SPOKANE, Wash. - It's been a tough 24 hours for the Winant Family.  Kelli Winant says she called police after a situation escalated with she and her boyfriend Saturday after he had been drinking.  "After he beat me pretty good yesterday, he burned our house down,” Kelli Winant Firefighters were at the home in a matter of minutes.

    >>

    SPOKANE, Wash. - It's been a tough 24 hours for the Winant Family.  Kelli Winant says she called police after a situation escalated with she and her boyfriend Saturday after he had been drinking.  "After he beat me pretty good yesterday, he burned our house down,” Kelli Winant Firefighters were at the home in a matter of minutes.

    >>