Bank Of Baku

US license issues authorization for Iranian oil transactions

US license issues authorization for Iranian oil transactions
# 22 June 2026 17:40 (UTC +04:00)

The US Treasury Department issued a general license authorizing the production, delivery and sale of Iranian-origin crude oil, petroleum products and petrochemical products through August 21, 2026, according to information published on its website.

The authorization also permits the importation into the United States of Iranian-origin crude oil, petroleum products and petrochemical products under specified conditions.

The Treasury Department said the general license does not authorize transactions involving North Korea, Cuba or Ukraine.

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