The U.S. Department of the Treasury has issued a broad 60-day authorization, General License X, for Iranian oil exports.

The U.S. Department of the Treasury has issued a broad 60-day authorization, General License X, for Iranian oil exports.

The U.S. Department of the Treasury has issued a broad 60-day authorization, General License X, for Iranian oil exports.

The U.S. Department of the Treasury has issued a broad 60-day authorization, General License X, for Iranian oil exports. This follows a U.S.-Iran Memorandum of Understanding between the United States and the Islamic Republic of Iran signed by President Trump on June 17, lifting a two month-long maritime blockade on Iranian ports and leading to a resumption of Iranian oil exports.

On June 22, the U.S. Department of the Treasury issued a broad 60-day authorization, General License X, for Iranian oil exports. This follows a U.S.-Iran Memorandum of Understanding between the United States and the Islamic Republic of Iran signed by President Trump on June 17, lifting a two month-long maritime blockade on Iranian ports and resumption of Iranian oil exports. 

Since the outbreak of the Iran War on February 28, Iran’s “Ghost Fleet” has continued operating across key maritime routes and continued to load oil. The U.S. blockade initiated on April 13 caused Iran oil exports to drop dramatically, with UANI observing zero crude shipments passing the blockade during the month of May. Following a U.S.-Iran MoU signed by President Trump on June 17, the U.S.

Since the outbreak of the Iran War on February 28, Iran’s “Ghost Fleet” has continued operating across key maritime routes and continued to load oil. However, since the U.S. blockade initiated on April 13, oil exports have dropped dramatically. UANI observed zero crude shipments passing the blockade during the month of May.

Since the outbreak of the Iran War on February 28, Iran’s “Ghost Fleet” has continued operating across key maritime routes and continued to load oil. However, since the U.S. blockade initiated on April 13, oil exports have dropped dramatically. UANI observed zero crude shipments passing the blockade during the month of May.