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. Still, it went above and beyond what the Obama administration was required to do under the terms of the nuclear agreement. Former Obama administration officials declined to comment for the record. Obama administration officials at the time assured concerned lawmakers that a general license wouldn’t be coming.

Source: Philippine Daily Inquirer June 06, 2018 11:03 UTC