The U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued General License X, allowing transactions related to the production, sale, delivery, import, export, and offloading of Iranian crude oil, petrochemical products, and petroleum products until August 21, 2026 (12:01 a.m. EDT). The license applies to activities that are normally necessary for these trades, including shipping, … Continue reading US Eases Iran Oil Sanctions, Approves Trade Until Aug 2026