US revokes license allowing Iranian crude sales, allows wind-down transactions
( July 7, 2026, 19:54 GMT | Official Statement) -- MLex Summary: The US Treasury Department's Office of Foreign Assets Control (OFAC) revoked an authorization for Iran to make sales of its crude oil, and for payments to be made in US dollars. In its place, OFAC issued a license allowing only for wind-down transactions related to the crude sales.Notice follows below. Document attached....
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