Iranian Transactions and Sanctions Regulations
Key claim: The Treasury Department’s OFAC is indefinitely suspending five licenses that had allowed certain transactions involving Iran, so those deals are no longer authorized under U.S. sanctions.
Abstract
(Rule · Treasury Department, Foreign Assets Control Office) The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is indefinitely suspending five general licenses issued pursuant to the Iranian Transactions and Sanctions Regulations to align with changes in the foreign policy of the United States towards Iran.
Why this matters
Indefinitely suspending five OFAC general licenses narrows the set of Iran-related transactions U.S. persons and their counterparties can conduct without a specific license, directly affecting importers, exporters, and financial intermediaries who structured deals around those authorizations. While the broader Iran sanctions architecture is unchanged, the practical compliance surface tightens and previously permitted flows may now require winddown or bespoke Treasury authorization.