|THE PRESIDENT. As I'm sure you realize, we have been seeking a positive development in Iran and have had in mind the transfer of the American hostages from control of the militants to the care and protection of the Iranian Government. If this action had not been taken, or is not taken, we were considering additional sanctions against Iran and had notified the Iranian Government of that fact.
This morning, the President of Iran has announced that the hostages' control would be transferred to the Government of Iran, which we consider to be a positive step.
In light of that action, we do not consider it appropriate now to impose additional sanctions. We will monitor the situation very closely. We would like to see this positive development continue, and our foremost consideration and our constant effort will be devoted to the hostages and their return to this country and to freedom.
Q. Mr. President, are you now assured that the hostages will, in fact, be transferred, and if so, ...read full document