Iran General License Z, "Authorizing Wind Down Activities, Limited Safety and Environmental Transactions, and the Offloading of Cargo Involving Certain Persons or Vessels Blocked on July 14, 2026."

Date issued: Jul. 14 2026

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TURBOFAC Commentary (92 words)

Notes:

1) Compare Iran General License R and comments thereto. This is a standard "Limited Safety and Environmental Transactions, and the Offloading of Cargo Involving Certain Persons or Vessels" GL, except that, for the first time, the GL authorizes "wind down of any financial transaction involving the Blocked Persons or Blocked Vessels" (irrespective of the subject matter of the transactions). Note that the term “financial transaction” is not defined in the relevant EO, but see 510.308, 561.325 and 566.308 (“The term financial transaction means any transfer of value involving a financial institution.”)