Global Trade Alert
Global Trade Alert

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United States of America: OFAC authorises temporary transactions for Iranian crude oil and petroleum products

Description

On 20 March 2026, the US Department of the Treasury’s Office of Foreign Assets Control issued General License U, authorising transactions ordinarily incident and necessary to the sale, delivery, or of...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

20 Mar 2026

Revocation date

19 Apr 2026

Implementation level

National

Affected flow

Outward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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