Market events calendar

Wind-down deadline for revoked Iran oil General License X

OFAC issued General License X1 on July 7, 2026, revoking General License X (issued June 22, 2026), which had temporarily authorized production, transport and sale of Iranian-origin crude oil, petrochemical and petroleum products. Under GL X1, only wind-down of previously authorized transactions is permitted through 12:01 a.m. EDT on July 17, 2026, after which no new transactions under the prior license are authorized.

Status:

Wind-down deadline reached; General License X fully revoked, no new transactions authorized

As of Jul 17, 2026

Iran-US talks expected to resume after state funeral period

The technical-level Iran-US talks floated for July 11, 2026 in Islamabad were not confirmed as having convened by the US, Iranian, or Pakistani governments as of that date. The ceasefire came under strain after Trump said on July 7 it was over, followed by renewed US-Iran strikes on July 8-10, and Iranian officials denied media reports that talks were resuming.

Status:

unconfirmed

Reason:

No government confirmed the Islamabad technical round convened on the floated date; Iran officials denied reports of resumed talks amid renewed US-Iran strikes

As of Jul 11, 2026

State funeral and burial of Iran's former Supreme Leader (July 3-9, 2026)

Under the officially announced schedule, state mourning ceremonies for Iran's former Supreme Leader run from July 3 to July 9, 2026 across several cities: a reception for foreign dignitaries and lying-in-state in Tehran (July 3-4), a funeral procession in Tehran (July 6), transfer of the body to Qom (July 7), ceremonies in Najaf and Karbala, Iraq (July 8), and burial in Mashhad (July 9). The Tehran Stock Exchange is closed for part of this period.