Global Trade Alert
Global Trade Alert

United States of America: Revocation of General License X for Iranian petroleum products

Announcement

07 Jul 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

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

07 Jul 2026

Revocation date:

No revocation date

Announced: 07 Jul 2026
Import ban In force

Recent update from 08 Jul 2026:

On 7 July 2026, the US Department of the Treasury's Office of Foreign Assets Control issued General License X1, revoking General License X of 22 June 2026 (see related state act) and authorising on...

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Announced: 07 Jul 2026
Foreign customer limit In force

Recent update from 08 Jul 2026:

On 7 July 2026, the US Department of the Treasury's Office of Foreign Assets Control issued General License X1, revoking General License X of 22 June 2026 (see related state act) and superseding it...

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Announced: 07 Jul 2026
Controls on commercial transactions and investment instruments In force

Recent update from 08 Jul 2026:

On 7 July 2026, the US Department of the Treasury's Office of Foreign Assets Control issued General License X1, revoking General License X of 22 June 2026 (see related state act) and superseding it...

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