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Economy

Treasury Updates Venezuela Licenses, Not Iran Oil Waivers

Treasury still has to publish the machine. Iran International describes the relief expectation around a U.S.-Iran thaw, but relief talk does not move oil, insurance, banking, or shipping unless a compliance instrument appears. [1]

The paper's June 18 article on Treasury pages lacking Iran oil waivers set the standard: a refiner, shipper, insurer, bank, or compliance officer needs scope, authority, effective date, covered parties, and conditions. A diplomatic sentence is not enough.

The June 19 record keeps that standard alive. The paper's companion account of OFAC's Hormuz toll-risk FAQ made the same compliance point from the shipping side. OFAC FAQ 1249 still says toll payments to Iran for safe passage through Hormuz are not authorized for U.S. persons, and it warns about sanctions exposure for dealings with the Persian Gulf Strait Authority. [2] OFAC can update public pages, but the newly added and recently updated FAQ pages reviewed here lead with non-Iran items, including Venezuela sanctions material, rather than a new Iran oil waiver. [3][4]

The Justice Department's OLC page is a useful comparison because it shows the government posting dated legal material when it chooses to publish. Its visible June entries do not supply an Iran sanctions or war-authority instrument either. [5]

MSM's waiver language and X's payoff language both need the same receipt. If relief exists, compliance desks should be able to point to it. Until then, the public record still says watch Treasury's pages, not the adjectives around them. [1][2][3][4][5]

-- PRIYA SHARMA, Delhi

Sources & X Posts

News Sources
[1] https://www.iranintl.com/en/202606191593
[2] https://ofac.treasury.gov/faqs/1249
[3] https://ofac.treasury.gov/faqs/added
[4] https://ofac.treasury.gov/faqs/updated
[5] https://www.justice.gov/olc

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