OFAC revokes Iran oil export license, sets wind-down deadline for July 17
17 July 2026 · 07:31 · Energy event · Iran
Outcome
The US Treasury's OFAC revoked Iran General License X on July 7, 2026, replacing it with General License X1, a wind-down-only authorization. GL X1 permits completing transactions already begun under GL X but authorizes no new purchases or loadings on or after July 7, 2026, with wind-down activity to be completed by 12:01 am EDT on July 17, 2026 (about 07:31 Tehran time). GL X had originally authorized Iranian-origin crude oil, petrochemical and petroleum product sales through August 21, 2026.
About this event
- Status
- Wind-down deadline reached on 2026-07-17; General License X fully revoked, no new transactions authorized under the prior license
Related events
The symbol
This event is not tied to one symbol.