Opportunity
Federal Register #2026-11614
OFAC Publishes Iran-Related General Licenses U and V (Regulatory Notice)
Buyer
Office of Foreign Assets Control
Posted
June 10, 2026
Identifier
2026-11614
This notice from the Department of the Treasury's Office of Foreign Assets Control (OFAC) announces the publication of two Iran-related general licenses (GL U and GL V) in the Federal Register. - Government Buyer: - Department of the Treasury, Office of Foreign Assets Control (OFAC) - Purpose: - Publication of regulatory general licenses related to Iran sanctions - Key Details: - GL U authorizes the sale, delivery, and offloading of Iranian-origin crude oil and petroleum products loaded on vessels as of a specified date - GL V authorizes the wind down of transactions involving Hengli Petrochemical (Dalian) Refinery Co., Ltd. - Licenses pertain to multiple sanctions regulations, including those related to Iran, Russia, Ukraine, weapons of mass destruction, and global terrorism - No procurement of products or services is requested - No OEMs, vendors, part numbers, or purchase quantities are specified - This is a regulatory update, not a solicitation for goods or services
Description
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two Iran-related general licenses (GLs): GLs U and V. These licenses authorize certain transactions otherwise prohibited by various sanctions regulations related to Iran. GL U was issued on March 20, 2026, and expired on April 19, 2026, while GL V was issued on April 24, 2026, and expired on May 24, 2026. Both licenses were previously made available on OFAC's website and pertain to the sale, delivery, and offloading of crude oil and petroleum products of Iranian origin, as well as the wind down of transactions involving Hengli Petrochemical (Dalian) Refinery Co., Ltd.