In a Federal Register notice published November 13, 2012 President Obama declared a Continuation of the National Emergency with Respect to Iran, effectively extending the sanctions currently in force for one year beyond the previous automatic termination date of November 14, 2012.

According to the notice, "Because our relations with Iran have not yet returned to normal, and the process of implementing the agreements with Iran, dated January 19, 1981, is still under way, the national emergency declared on November 14, 1979, must continue in effect beyond November 14, 2012. "

The National Emergencies Act provides for the automatic termination of a national emergency unless extended within 90 days prior to the anniversary date of its declaration. With this notice the national emergency is now extended to November 14, 2013.

The full text of the Federal Register notice can be accessed here.