Iran General License W - Authorizing the Wind Down of Transactions Involving Certain Persons Blocked on May 1, 2026 (May 01, 2026)

Date issued: May. 01 2026

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TURBOFAC Commentary (90 words)

Notes:

1) This is a standard wind-down general license, authorizing the processing of underlying transactions that may not involve U.S. persons (see e.g., FAQ 807), but not including authorizations for the "maintenance" of activities.

2) With respect to the scope of the typical "wind-down" GL, consult the relevant portions of Examples of Transactions Deemed to be, and not to be, Within the Scope of the Standard "Wind-down" and "Maintenance" GLs.

3) See relevant designation notice at United States Sanctions Network Facilitating Iran’s Illicit Oil Trade (Fact Sheet).