US Treasury Cancels Iran Oil License - OSINT613

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Jul 7th, 18:54 UTC

US Treasury Cancels Iran Oil License

MASSIVE 🔴

The U.S. Treasury has canceled the June 21 license that allowed Iran to produce, ship, and sell crude oil, and has begun winding it down.

Screenshot of a U.S. Department of the Treasury OFAC webpage dated 07/07/2026 announcing the issuance of an amended Iran-related General License X1, revoking and replacing General License X regarding crude oil, petrochemical, and petroleum products of Iranian origin.

U.S. Department of the Treasury

Economy

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