OFAC publishes two temporary general licenses for specific Iranian-sanctioned vessels

The Treasury Department’s Office of Foreign Assets Control published two temporary general licenses on its website. General License S covers transactions involving a specific list of ships and companies whose U.S. assets are frozen under Executive Order 13902, which imposes sanctions on Iran. General License T covers a separate list of frozen entities. Both licenses expire on their respective deadlines: January 18, 2026, for License S, and February 22, 2026, for License T.

Why it matters: This is a narrow administrative update that keeps specific sanctioned ships from becoming stranded or environmental hazards while preserving the core sanctions framework. It does not change U.S. policy toward Iran. The practical effect is limited to maritime operators, port authorities, and insurers who need to handle the listed vessels under existing compliance rules.

Who it affects

• Operators and service providers for the specific ships and companies listed in the annex

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This action was published by the Treasury Department’s Office of Foreign Assets Control in the Federal Register. Readers should consult the original Federal Register notice and OFAC’s website for the complete list of blocked persons and vessels before relying on this summary.

Agency: Treasury Department, Foreign Assets Control Office
Source: Federal Register — read the official document