US President Jimmy Carter issues Executive Order 12170, freezing all Iranian assets in the United States in response to the hostage crisis.

Executive Order 12170

1979 US presidential order freezing all Iranian government assets in the US

Executive Order 12170 was issued by American president Jimmy Carter on November 14, 1979, ten days after the Iran hostage crisis had started. The executive order, empowered under the International Emergency Economic Powers Act, ordered the freezing of all Iranian government…