Everybody’s familiar with the infamous “pallet of cash” that was delivered to Iran, but it turns out the Obama administration was reportedly trying to pull off even more stops to help out the country the U.S. State Department designates as the #1 state sponsor of terrorism in the world:

Apparently no step was too out of bounds (or illegal) when it came to trying to secure Obama’s Iran Deal “legacy”:

As ironic as it may sound, it was the large U.S. financial institutions that the Democrats often slam that prevented the Obama administration from doing that, according to the AP:

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 problem is that former Obama officials probably wouldn’t consider this story to be “embarrassing” or a “scandal.”