U.S. Treasury Authorizes Iranian Oil and Petrochemical Sales

AI-generated NewsSnap summary based on source reporting.
Published: 2026-06-22
Category: us
Source: U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC)
Original source

The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has issued Iran General License X. This license authorizes the production, delivery, and sale of Iranian-origin crude oil, petrochemical products, and petroleum products. The authorization is effective through August 21, 2026.

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