SUPPLEMENTARY INFORMATION:

Electronic Availability

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Background

On May 1, 2026, OFAC issued GL W to authorize certain transactions otherwise prohibited by Executive Order 13846 of August 6, 2018, “Reimposing Certain Sanctions With Respect to Iran” (83 FR 38939, August 7, 2018). GL W expired May 31, 2026. This GL was made available on OFAC's website ( ofac.treasury.gov) when it was issued. The text of this GL is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13846 of August 6, 2018 (“Reimposing Certain Sanctions With Respect to Iran”)

GENERAL LICENSE W

Authorizing the Wind Down of Transactions Involving Certain Persons Blocked on May 1, 2026

(a) Except as provided in paragraph (b) of this general license, all transactions prohibited by Executive Order (E.O.) 13846 that are ordinarily incident and necessary to the wind down of any transaction involving Qingdao Haiye Oil Terminal Co., Ltd., or any entity in which it owns, directly or indirectly, a 50 percent or greater interest, are authorized through 12:01 a.m. eastern daylight time, May 31, 2026, provided that any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States.

(b) This general license does not authorize any transactions otherwise prohibited by E.O. 13846, including transactions involving any person blocked pursuant to E.O. 13846 other than the blocked persons described in paragraph (a) of this general license, unless separately authorized.

Dated: May 1, 2026.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

91 FR 73142