OFAC Publishes Two Lapsed Iran Sanctions Workarounds
Published Date: 6/10/2026
Rule
Summary
The Treasury’s Office of Foreign Assets Control (OFAC) published two special Iran-related licenses called GL U and GL V. These licenses let certain transactions happen that are usually banned under U.S. sanctions, but both had set expiration dates in 2026. If you’re involved in business or finance connected to Iran, these licenses gave you a temporary green light to operate within specific rules.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Temporary OK to Deliver Iranian Oil Loads
GL U, issued March 20, 2026, temporarily authorized transactions ordinarily incident and necessary to the sale, delivery, or offloading of Iranian-origin crude oil and petroleum products loaded on vessels on or before 12:01 a.m. eastern daylight time, March 20, 2026. The authorization ran through 12:01 a.m. eastern daylight time, April 19, 2026, and explicitly covers services like docking, crew safety, emergency repairs, bunkering, piloting, registration, insurance, and importation into the United States when ordinarily incident and necessary. The license does not authorize transactions involving persons located in or organized under the laws of the DPRK (North Korea), Cuba, the Covered Regions of Ukraine, or the Crimea Region of Ukraine, or transactions barred by other referenced authorities.
Temporary Wind-Down for Hengli Petrochemical Deals
GL V, issued April 24, 2026, authorized transactions ordinarily incident and necessary to wind down transactions involving Hengli Petrochemical (Dalian) Refinery Co., Ltd. or entities 50%+ owned by it through 12:01 a.m. eastern daylight time, May 24, 2026. The license requires that any payment to a blocked person be made into a blocked, interest-bearing account located in the United States and does not authorize other transactions involving blocked persons under E.O. 13902 unless separately authorized.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-20683, Notice of OFAC Sanctions Actions
The U.S. Treasury’s OFAC just updated its sanctions list on October 5, 2026. Some people had their blocked property unlocked and were removed from the blacklist, while others had their info updated but remain blocked. These changes affect who can access money or property under U.S. rules, so watch for the latest details if you’re involved.
2026-20526, Notice of OFAC Sanctions Actions
The U.S. Treasury’s OFAC just updated its sanctions lists by unblocking some people and removing their names from the banned list. They also cleaned up duplicate entries and updated info on others who remain blocked. These changes affect individuals and entities tied to sanctions, with some unblocked as of July 27, 2026, meaning their assets are no longer frozen.
2026-20525, Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just blocked the property of Faouzi Barika and others linked to Hamas, making it illegal for Americans to do business with them. This action, effective October 2, 2026, freezes their assets under U.S. law to stop support for terrorism. If you’re a U.S. person, watch out—any dealings with these folks are off-limits and could have serious consequences.
2026-20475, Notice of OFAC Sanctions Action
On October 1, 2026, the U.S. Treasury’s OFAC added new individuals and companies to its blacklist, freezing their U.S.-based assets. This means Americans can’t do business with these blocked parties, cutting off their access to U.S. money and markets. The move aims to tighten financial controls and protect U.S. interests.
2026-20425, Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just blocked the property of Rafael Buenrostro Martin and others for their roles in illegal drug trade and terrorism. From September 29, 2026, Americans can’t do business with these folks, freezing their assets under U.S. law. This move aims to cut off their money flow and stop bad activities fast and firmly.
2026-20395, Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just blocked all property linked to A7 NETWORK, a criminal group operating in Russia, Kyrgyzstan, Nigeria, and Zimbabwe. This means Americans can’t do business with them anymore, effective October 1, 2026. It’s a big move to stop shady international crime and protect U.S. interests.
Previous / Next Documents
Previous: 2026-11609, Endangered and Threatened Wildlife and Plants; Removal of Northeastern Bulrush From the List of Endangered and Threatened Plants
Great news! The northeastern bulrush, a special plant once in danger, is no longer considered endangered or threatened because its risks have dropped a lot. Starting July 10, 2026, it won’t need the extra protections it used to have, saving time and resources for everyone. This change helps focus efforts where they’re needed most while celebrating a win for nature lovers and scientists alike!
Next: 2026-11615, Publication of Venezuela Sanctions Regulations Web General Licenses 5U and 5V
The Treasury Department just made official two important updates to Venezuela sanctions rules, called General Licenses 5U and 5V. These licenses let certain financial transactions involving Venezuela’s 2020 bonds happen legally starting March 20, 2026, replacing older rules. If you deal with Venezuelan bonds, these changes could impact your money moves and timing, so keep an eye on the new dates and permissions!