Wind-down deadline for revoked Iran oil General License X
17 July 2026 · 07:31 · Political event · North America
Outcome
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.
About this event
- Status
- Wind-down deadline reached; General License X fully revoked, no new transactions authorized
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