Tag Archives: General License X

OFAC’s General License X and the easing of Iran energy sanctions

By Trade Practitioner on June 29, 2026 Posted in Export Controls & Sanctions, US Regulation

The US Treasury Department’s Office of Foreign Assets Control (OFAC) released General License X (GL X) on June 22, 2026, providing temporary easing of restrictions on Iran’s energy sector. These are the first substantive sanctions relief for Iran’s energy sector since 2016, when OFAC implemented the US-Iran Joint Comprehensive Plan of Action (JCPOA). We recently … Continue Reading