Global Trade Alert
Global Trade Alert

United States of America: Treasury authorizes transactions involving Iranian-origin petroleum products through August 2026

Announcement

22 Jun 2026

In June 2026, the US Department of the Treasury issued Iran General License X, authorising transactions related to the production, delivery, sale, and offloading of Iranian-origin crude oil, petrochemicals, and petroleum products until 21 August 2026. In July 2026, the United States Office of Foreign Assets Control announced the revocation of General License X, prohibiting new transactions relating to the production, delivery, and sale of Iranian crude oil and petroleum products.

Source

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Number of interventions

3

0 certainly harmful

0 likely harmful

3 liberalising

List of interventions

Implementation date

22 Jun 2026

Revocation date:

06 Jul 2026

To be terminated: 07 Jul 2026
Import ban

Recent update from 07 Jul 2026:

On 7 July 2026, the United States Office of Foreign Assets Control announced the revocation of General License X, prohibiting new transactions relating to the production, delivery, and sale of Iran...

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To be terminated: 07 Jul 2026
Foreign customer limit

Recent update from 07 Jul 2026:

On 7 July 2026, the United States Office of Foreign Assets Control announced the revocation of General License X, prohibiting new transactions relating to the production, delivery, and sale of Iran...

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Terminated: 07 Jul 2026
Controls on commercial transactions and investment instruments

Recent update from 07 Jul 2026:

On 7 July 2026, the United States Office of Foreign Assets Control announced the revocation of General License X, prohibiting new transactions relating to the production, delivery, and sale of Iran...

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