SECURITYJUST SECURITY
Expert Q&A: Decoding the Treasury Department’s Actions on Iran
The U.S. Treasury Department’s OFAC issued and revoked Iran-related sanctions relief via General Licenses X and X1 in June and July 2026, following a pattern similar to the earlier JCPOA. These actions aimed to facilitate negotiations but faced practical challenges due to lack of carve-outs for IRGC-related transactions and limited State Department waivers.
Mentioned
U.S. Department of the TreasuryorganizationOffice of Foreign Assets Control (OFAC)organizationGeneral License XtopicGeneral License X1topicIran Nuclear Deal (JCPOA)topicDonald TrumppersonIslamic Revolutionary Guard Corps (IRGC)organizationCode of Federal RegulationstopicInternational Emergency Economic Powers Act (IEEPA)topic
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