US Treasury Suspends General License Easing Iran Oil Sanctions
L'essentiel
- The US Treasury Department has suspended a general license that eased sanctions on Iran's oil sector, effective July 7.
- The new directive prohibits new transactions and requires the wind-down of previously authorized ones by July 17.
Résumé généré par IA
Pourquoi c'est important
The US Treasury Department previously issued a general license in June to ease sanctions on Iran's oil sector. This license has now been suspended.
The US Department of the Treasury has suspended the general license issued in June to ease US sanctions against Iran’s oil sector until August 21 and has prohibited new transactions in this sphere.
The department said that starting from July 7, the June 21 general license, which paused unilateral US sanctions against Iran’s oil industry "is revoked and superseded in its entirety" with a new document.
The new document "does not authorize any new transactions, including purchases or loading" with Iran’s oil sector.
It also prescribes to wind down all previously authorized transactions, permitted by the initial waiver, until July 17.
Questions ouvertes
- Reason for suspension?
- Future of sanctions relief?
