2026-07-07 | 20260707Added · Updated
The Department of the Treasury's Office of Foreign Assets Control (OFAC) revoked Iran-related General License X and issued General License X1 effective July 7, 2026. General License X1 supersedes the previous authorization regarding the production, delivery, and sale of crude oil, petrochemical products, and petroleum products of Iranian origin. This action formally replaces the June 21, 2026 authorization with the new terms outlined in General License X1.