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US Treasury revokes June 21 Iran-related waiver; Revokes General License X, effective July 7, 2026, which previously authorized the production, delivery, and sale of Iranian-origin crude oil and petrochemical products to Iran

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GENERAL LICENSE X1Revocation and Wind Down of June 21, 2026 Authorization for the Production, Delivery and Sale of Crude Oil, Petrochemical Products, and Petroleum Products of Iranian Origin (a) Effective July 7, 2026, General License X, dated June 21, 2026, is revoked and superseded in its entirety by General License X1.

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