Rule2026-11614
Publication of Iran-Related Web General Licenses U and V
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 10, 2026
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two Iran-related general licenses (GLs): GLs U and V. These GLs were previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 91 Issue 111 (Wednesday, June 10, 2026)</title>
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[Federal Register Volume 91, Number 111 (Wednesday, June 10, 2026)]
[Rules and Regulations]
[Pages 35141-35142]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-11614]
[[Page 35141]]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Parts 544, 560, 561, 562, 587, 589, and 594
Publication of Iran-Related Web General Licenses U and V
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of web general licenses.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing two Iran-related general licenses (GLs):
GLs U and V. These GLs were previously made available on OFAC's
website.
DATES: GL U was issued on March 20, 2026. See SUPPLEMENTARY INFORMATION
for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Regulatory Affairs, 202-622-4855; or <a href="https://ofac.treasury.gov/contact-ofac">https://ofac.treasury.gov/contact-ofac</a>.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: <a href="https://ofac.treasury.gov/">https://ofac.treasury.gov/</a>.
Background
On March 20, 2026, OFAC issued GL U to authorize certain
transactions otherwise prohibited by the Iranian Transactions and
Sanctions Regulations, 31 CFR part 560; Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587; Ukraine-/Russia-
Related Sanctions Regulations, 31 CFR part 589; Weapons of Mass
Destruction Proliferators Sanctions Regulations, 31 CFR part 544;
Iranian Financial Sanctions Regulations, 31 CFR part 561; Iranian
Sector and Human Rights Abuses Sanctions Regulations, 31 CFR part 562;
Global Terrorism Sanctions Regulations, 31 CFR part 594; Executive
Order (E.O.) 13876 of June 24, 2019, ``Imposing Sanctions With Respect
to Iran'' (83 FR 30573); E.O. 13902 of January 10, 2020, ``Imposing
Sanctions With Respect to Additional Sectors of Iran'' (85 FR 2003);
and E.O. 13949 of September 21, 2020, ``Blocking Property of Certain
Persons with Respect to the Conventional Arms Activities of Iran'' (85
FR 60043). GL U expired on April 19, 2026. On April 24, 2026, OFAC
issued GL V to authorize certain transactions otherwise prohibited by
E.O. 13902. GL V expired on May 24, 2026. Both GLs were made available
on OFAC's website (<a href="https://ofac.treasury.gov">https://ofac.treasury.gov</a>) when they were issued.
The text of these GLs is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Iranian Transactions and Sanctions Regulations, 31 CFR Part 560;
Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR Part
587;
Ukraine-/Russia-Related Sanctions Regulations, 31 CFR Part 589;
Weapons of Mass Destruction Proliferators Sanctions Regulations, 31 CFR
Part 544;
Iranian Financial Sanctions Regulations, 31 CFR Part 561;
Iranian Sector and Human Rights Abuses Sanctions Regulations, 31 CFR
Part 562;
Global Terrorism Sanctions Regulations, 31 CFR Part 594;
Executive Order 13876 of June 24, 2019 (``Imposing Sanctions With
Respect to Iran'');
Executive Order 13902 of January 10, 2020 (``Imposing Sanctions With
Respect to Additional Sectors of Iran'');
Executive Order 13949 of September 21, 2020 (``Blocking Property of
Certain Persons With Respect to the Conventional Arms Activities of
Iran'')
GENERAL LICENSE U
Authorizing the Delivery and Sale of Crude Oil and Petroleum Products
of Iranian-Origin Loaded on Vessels as of March 20, 2026
(a) Except as provided in paragraph (b), all transactions
prohibited by the above-listed authorities that are ordinarily incident
and necessary to the sale, delivery, or offloading of crude oil or
petroleum products of Iranian origin loaded on any vessel, including
vessels blocked under the above-listed authorities, on or before 12:01
a.m. eastern daylight time, March 20, 2026 are authorized through 12:01
a.m. eastern daylight time, April 19, 2026.
Note 1 to paragraph (a). Transactions that are ordinarily
incident and necessary to the sale, delivery, or offloading of such
crude oil or petroleum products include transactions for the safe
docking and anchoring of vessels carrying such crude oil or
petroleum products; the preservation of the health or safety of the
crew of any such vessel; emergency repairs or environmental
mitigation or protection activities relating to any such vessel; and
services such as vessel management, crewing, bunkering, piloting,
registration, flagging, insurance, classification, and salvage.
Iranian-origin crude oil and petroleum products subject to this
general license include those produced by entities sanctioned under
the Iranian Transactions and Sanctions Regulations, 31 CFR part 560,
Iranian Financial Sanctions Regulations, 31 CFR part 561, or the
Global Terrorism Sanctions Regulations, 31 CFR part 594.
Note 2 to paragraph (a). Transactions authorized by this general
license include the importation into the United States of crude oil
and petroleum products of Iranian origin, where such importation is
ordinarily incident and necessary to the sale, delivery, or
offloading of such crude oil or petroleum products authorized by
this general license.
(b) This general license does not authorize:
(1) Any transaction involving a person located in or organized
under the laws of the Democratic People's Republic of Korea, the
Republic of Cuba, the Covered Regions of Ukraine, as defined by E.O.
14065, the Crimea Region of Ukraine, as defined by E.O. 13685, or any
entity that is owned or controlled by or in a joint venture with such
persons; or
(2) Any other transactions or activities prohibited by any other
Executive order or by any part of 31 CFR chapter V not referenced in
this general license.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: March 20, 2026.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13902 of January 10, 2020
(``Imposing Sanctions With Respect to Additional Sectors of Iran'')
GENERAL LICENSE V
Authorizing the Wind Down of Transactions Involving Hengli
Petrochemical (Dalian) Refinery Co., Ltd.
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by Executive Order (E.O.) 13902 that are
ordinarily incident and necessary to the wind down of any transaction
involving Hengli Petrochemical (Dalian) Refinery Co., Ltd. (Hengli
Petrochemical), or any entity in which Hengli Petrochemical owns,
directly or indirectly, a 50 percent or greater interest, are
authorized through 12:01 a.m. eastern daylight time, May 24, 2026,
provided that any payment to a blocked person must be made into a
blocked, interest-bearing account located in the United States.
(b) This general license does not authorize any transactions
otherwise prohibited by E.O. 13902, including transactions involving
any person
[[Page 35142]]
blocked pursuant to E.O. 13902 other than the blocked persons described
in paragraph (a) of this general license, unless separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: April 24, 2026.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2026-11614 Filed 6-9-26; 8:45 am]
BILLING CODE 4810-AL-P
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</html>Indexed from Federal Register on June 10, 2026.
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