US Treasury issues a 60-day general license authorising Iranian oil production, sale and shipping
Confirmedon an admission by the acting party plus an independent origin: 1 distinct origin, 1 tied to no party.
Treasury Secretary Scott Bessent said on Monday 22 June that Treasury had issued 'a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil', tying it to the framework signed with Iran and 'productive talks in Switzerland', The Maritime Executive reported. The license covers crude and petrochemical sales, servicing of blocked vessels and dollar payments, and expires at 12:01am EDT on 21 August. The outlet said Iran had committed to free transit through the strait and was reportedly agreeing to readmit IAEA inspectors.
- When
- 22 June 2026
- Where
- United States, the US
- What
- sanction
- Acting party
- Government of the United States
- Against
- Government of Iran
- Attribution
- Acknowledged by the acting party. Treasury announced the license.
- In the record
- Published 2026-10-27 21:03 UTC · revision 1 · backfilled
Sources
- Evidence The Maritime Executive
Claims this event bears on
- Government of Iran: The US agreed at Burgenstock to oil export waivers, frozen-asset releases and a reconstruction plan for Iran.
- Government of Iran: The Islamabad memorandum of understanding has been signed by both presidents and is in effect.
History
| When | Field | From | To | Why |
|---|---|---|---|---|
| 2026-10-27 21:03 UTC | status | null | confirmed | P1 backfilled: researched from cited sources and graded by the one rule |
Cite or reuse
The War Record, "US Treasury issues a 60-day general license authorising Iranian oil production, sale and shipping", ev-20261027-8gtn, revision 1, https://thewarrecord.com/events/ev-20261027-8gtn/