Tag: petrochemical_products

US Treasury Amends Iran Sanctions License for Oil and Petrochemical Wind-Down

7 Jul 2026 3:13 p.m. · Source: US Treasury

OFAC has revoked Iran-related General License X, replacing it with General License X1. This new license, effective July 7, 2026, mandates the wind-down of authorization for the production, delivery, and sale of Iranian crude oil and petrochemical products.

Politics and Government Business World Federal Government Economy Trade Middle East OFAC Iran Sanctions General License Crude Oil Petrochemical Products Petroleum Products US Treasury
US Treasury Issues General License for Iranian Oil and Petrochemical Products

22 Jun 2026 9:35 a.m. · Source: US Treasury

The US Treasury's OFAC has issued Iran General License X, permitting the production, delivery, and sale of Iranian-origin crude oil, petrochemical, and petroleum products. This authorization is valid until August 21, 2026, impacting Iran's energy sector.

Politics and Government Business World Federal Government Trade Economy Middle East US Treasury OFAC Iran General License X Crude Oil Petrochemical Products Petroleum Products