US reissues Iran oil sales sanction relief
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The Washington Post reported that US Treasury Secretary Scott Bessent had promised to ground all Iranian airlines by the end of September and leave Iran with no oil to sell by the end of this week. • • However, those goals have yet to be achieved: Iran’s international flights continue, and Tehran is still selling oil.
The US Treasury imposes sanctions on 6 individuals, 27 companies, and 22 vessels transporting billions of dollars' worth of oil for Iran. US Treasury: New sanctions related to Iran Sanctions target vessels transporting billions of dollars' worth of oil for Iran Sanctions target 6 individuals, 27 companies, and 22 vessels linked to Iran Estimates indicate that Iran holds up to 20 million barrels of oil on board ships Iran halted loading and unloading of oil tankers due to the embargo
Washington Expands Sanctions on Iran's Petrochemical Sector On Thursday, the United States announced expanded sanctions on individuals and entities, as well as vessels involved in the transportation of Iranian oil. According to a press release from the US Treasury Department, "The US Treasury Department has targeted the remnants of Iran's shadow fleet. The Treasury Department is depriving Tehran of the funds it uses to wage war in the region. We will continue to expose those who facilitate the sale of Iranian oil."
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The US Treasury imposes sanctions on 6 individuals, 27 companies, and 22 vessels transporting billions of dollars' worth of oil for Iran. The US Treasury announces new sanctions related to Iran. The US Treasury stated that the sanctions target vessels transporting billions of dollars' worth of oil for Iran. The US Treasury said the sanctions target 6 individuals, 27 companies, and 22 vessels linked to Iran. The US Treasury explained that estimates indicate Iran is holding up to 20 million barrels of oil on board ships. The US Treasury reported that Iran has halted loading and unloading oil tankers due to the embargo.
Iran could see zero oil revenues by mid-October as the US plans to increase economic pressure.
Bisent predicts the last Iranian oil shipments will reach China within two weeks, saying Tehran will have nothing left to trade. Will tightening US sanctions push Iran toward an agreement or further complicate negotiations?
Reuters: A proposal to reopen the Strait of Hormuz in exchange for the United States lifting sanctions has neither side willing to relinquish the leverage that drives the diplomatic process. Iran is showing flexibility on the tariffs, but is holding firm to its position regarding the Strait of Hormuz. [in reply to: Reuters, citing sources: US and Iranian negotiators are discussing a phased path to ending the trade war in New York.]
According to the report, assessments presented at the Mead conference indicate that China is no longer buying Iranian oil. According to participants, the United States will also continue to impose secondary sanctions on entities accused of helping to circumvent Iranian restrictions.
According to the report, assessments presented at the Mead conference indicate that China is no longer buying Iranian oil. According to participants, the United States will also continue to impose secondary sanctions on entities accused of helping to circumvent Iranian restrictions.
The anniversary of the 9/11 attacks postpones a major US announcement... Sanctions against a large bank linked to Iran are set for Monday. ====== The US Treasury Secretary announces the Trump administration's intention to impose economic sanctions on a major bank next week. Bisent said the measure aims to continue financial pressure on Iran to end the conflict that has been ongoing for more than six months. Bisent did not reveal the name of the financial institution or the country it belongs to, indicating that the move will take place on Monday. The US postponed the announcement of the sanctions, which was scheduled for Friday, out of consideration for the anniversary of the bloody September 11 attacks.
The US Treasury Department announced on Thursday, September 10, a set of new sanctions against individuals and entities in Iraq, Lebanon, Syria, Turkey and the United Arab Emirates that are “associated with the Islamic Republic of Iran, Hezbollah of Lebanon and Kataib Hezbollah.” The US Treasury Department’s Office of Foreign Assets Control, OFAC, added the names of 14 individuals and five entities to its list of individuals and entities subject to sanctions. A number of those sanctioned are Iraqi citizens associated with companies in the country or Kata'ib Hezbollah. Shams and Bahr Company in Dubai, Ain Al-Iraq and Al-Buruj Companies in Baghdad, and two financial institutions in Lebanon are among the entities targeted in this round of sanctions. The US Treasury Department also changed its policy on issuing licenses related to Iran, announcing that new applications will be considered as rejected, except in cases of legal obligation or circumstances such as danger to life and environmental safety.
EIA Expects Renewal of US Blockade on Iran Exports and Sanctions to Restrict Iran Oil Exports and Reduce Its Output
EIA Expects Renewal of US Blockade on Iran Exports and Sanctions to Restrict Iran Oil Exports and Reduce Its Output
Iran's floating oil storage facilities are nearing depletion by mid-October amid a collapsing currency and a growing inability to pay salaries. Trump: US sanctions are beginning to bear fruit and are proving effective in strangling the Iranian economy.
In an interview with Fox News, US Treasury Secretary Scott Besant said that there are probably only about 30 million barrels of Iranian crude oil left that China has not yet bought. According to him, the blockade has prevented the export of Iranian oil, and when the remaining oil runs out in the near future, Iran will no longer have oil to sell to China. Besant said that the blockade has prevented the export of Iranian oil, and described the combination of blockade and sanctions as one of the most powerful tools of economic isolation in history. He said that the US is implementing an operation called "economic exclusion" and will strangle the Iranian government economically. The US Treasury Secretary also said that the US controls the Strait of Hormuz and that the Persian Gulf countries are building alternative routes for oil transportation so that oil no longer needs to pass through this strait. Besant went on to say that he believes that after the conflict with the Islamic Republic ends, the world will be safer and Iran will not be able to obtain nuclear weapons. He added that the US economy is accelerating and the energy supply shock will end.
US Treasury Secretary: Because of the blockade, oil is not leaving Iran, and there is probably only about 30 million barrels of Iranian crude oil left that China has not yet bought. That will run out soon, and then there will be no more question of China buying, because there is no product to buy.
US Treasury Secretary Scott Bisent has set Tuesday as the date to announce sanctions related to oil transactions between Iran and China.
WSJ: US sanctions on Iran have prevented it from exporting oil since last July
US Treasury Secretary: The lifeline for Iranian oil exports is cut off... No shipments have passed through the Strait of Hormuz to China since we reimposed sanctions. ======
US Treasury Secretary Scott Bisent: The lifeline for Iranian oil exports is cut off. No Iranian oil shipments have passed through the Strait of Hormuz to China since we reimposed sanctions. We will strangle the Iranian economy. Iranian oil revenues are rapidly dwindling. Iran cannot replenish its oil reserves as it piles up on its ships stranded in Hormuz.
In an interview with the Real America Voice network, US Treasury Secretary Scott Besant said that the Islamic Republic has not been able to export any oil for the past month and a half and that Tehran is now “neither exporting nor importing anything.” He said that the only shipments that have left Iran during this period were sent to China after the signing of the memorandum of understanding and with the opportunity that the US gave Tehran. Besant added that the US will take action in this regard on Tuesday, September 8, but did not provide further details. The US Treasury Secretary said that Washington intends to “suffocate the Islamic Republic economically,” referring to the devaluation of Iran’s currency. He described the Iranian government’s economic situation as being in the “jaws of economic death” and said: “They will capitulate.” Besant added that US allies in the Persian Gulf and Europe support this policy and the number of countries joining it is increasing. He added that another bank would likely be sanctioned next week, and addressed the financial institutions, saying: "We know the offending actors. You know who you are. It's over."
US issues new Iran-related sanctions, general license, Treasury website shows
U.S. Issues Iran-Related General License -U.S. Treasury Website
US Treasury Secretary: Only 30 million barrels of Iranian oil remain stuck at sea due to the embargo.
===== US Treasury Secretary Scott Bisent: Only 30 million barrels of Iranian oil remain stuck at sea due to the embargo. Iran's oil reserves will run out even if it receives revenue from China. Iran is taking the sanctions seriously... and we will continue to exert economic pressure on it. From the event
US Treasury Secretary: Only 30 million barrels of Iranian oil remain stuck at sea due to the embargo.
===== US Treasury Secretary Scott Bisent: Only 30 million barrels of Iranian oil remain stuck at sea due to the embargo. Iran's oil reserves will run out even if it receives revenue from China. Iran is taking the sanctions seriously... and we will continue to exert economic pressure on it.
Top Overnight News • • Iran and the United States traded attacks for the first time in over a month overnight into Monday. Iran fired missiles toward US military targets in Jordan and the United Arab Emirates in retaliation for a strike on Iranian rocket launchers that the US said were trying to launch sea mines into the Strait of Hormuz. The exchange of strikes came just days after President Donald Trump declared the Strait of Hormuz free from mines and is a break with Washington’s recent shift in focus to maximizing economic pressure on Iran rather than military actions. CNN • • Iranian leaders are acknowledging the economic toll of war with the U.S., with the supreme leader urging the government to address the hardship and the president saying foreign trade has shrunk by a third due to the American sanctions and blockade. Yet Tehran signaled no retreat on Saturday, vowing to withstand U.S. pressure, pursue diplomacy and maintain what it said was control over the Strait of Hormuz. Reuters • • President Donal Trump said Friday night the United States has reached an oil agreement with Venezuela, a move he said will “more than double” American oil reserves, increase oil supply and lower gas prices. The deal is said to “secure majority control” of more than 65B barrels worth of oil reserves in Venezuela, or ~20% of the country’s total. CNN / FT • • U.S. Treasury Secretary Scott Bessent said on Sunday he will encourage G20 members to re-examine terms of trade with China to shrink global imbalances and press Beijing to rebalance its economy away from exports and toward domestic consumption. Bessent said in an interview ahead of a G20 finance leaders meeting that the current flood of exports from China was unsustainable, even though the U.S. direct trade position with China was "rapidly improving." Reuters • • China’s official manufacturing PMI remained in contraction in August, suggesting that momentum has yet to rebound after July’s sharp downturn. BBG • • SK Hynix is exploring a joint venture to make memory chips in Japan to meet surging AI demand, Chairman Chey Tae-won said. BBG • • South Korea’s industrial production for Jul came in ahead of expectations at +0.2% M/M (vs. the Street -0.5%). BBG • • Russia’s Defense Ministry said it is planning “massive strikes” on Ukraine’s energy infrastructure, days after launching a devastating attack on a warehouse near Kyiv, amplifying fears of another winter assault. CNBC • • September is historically the worst month for Wall St, and traders are preparing for volatility during the coming weeks, with the FOMC meeting on 9/16 potentially a major catalyst. Barron’s
John Bolton, former US national security adviser during Donald Trump's first term, wrote on the social network X on September 28 that China is the real test of Washington's will to confront Iran's economy. According to him, China is both a major buyer of Iranian oil and plays a key role in facilitating Tehran's financial activities in global markets.
Bolton added that it is still unclear exactly how US President Donald Trump will deal with China, and Beijing has also categorically refused to discuss the issue. His remarks came at the same time as the Trump administration is trying to increase economic pressure on the Islamic Republic. US Treasury Secretary Scott Basnet also plans to consult with these countries at the G20 finance ministers and central bank governors meeting about "tightening sanctions against Tehran and reducing trade relations with the Islamic Republic."
United States of America: US Treasury statement: Suspension of general licenses that allowed certain financial transfers to Iran
US Treasury: Suspension of general licenses that allowed some financial transfers to Iran
US Treasury: Suspension of general licenses that allowed some financial transfers to Iran
Reuters reported, citing a source familiar with the matter, that the US Treasury Department is expected to expand the scope of secondary sanctions it can impose on entities and countries that trade with the Islamic Republic, a move the Trump administration is planning to increase economic pressure on Tehran. The move is intended to give countries a final warning to cut off trade with the Islamic Republic in order to end a nearly six-month standoff that has disrupted traffic in the Strait of Hormuz and energy exports from the Persian Gulf, according to a source familiar with the plan.
What is this event about?
On July 7, 2026, the United States revoked a sanctions waiver, “General License X,” which allowed for the sale of Iranian oil (see: https://thehill.com/policy/energy-environment/5957647-iran-oil-sanctions-waiver-strait-of-hormuz/).
This market will resolve to “Yes” if the United States federal government issues a waiver, license, or equivalent sanctions-relief mechanism lifting US sanctions on the sale of Iranian oil, petrochemical products, or petroleum products by the specified date, 11:59 PM ET. Otherwise this market will resolve to “No”.
Actions which direct partial or full sanction relief will both qualify. However, qualifying actions must reverse, remove, waive, or suspend US penalties on the sale of Iranian oil, petrochemical products, or petroleum products, in whole or in part.
Qualifying actions need not be permanent; temporary suspensions of sanctions will qualify. Relief issued for either primary or secondary sanctions will qualify. A re-issuance of the initial waiver will qualify. The full removal of any sanction on the sale of Iranian oil, petrochemical products, or petroleum products will also qualify.
Continued sales of Iranian oil allowed during the wind-down period under this revocation order will not qualify. Mere extensions of the wind-down period, without issuance of a new qualifying sanctions-relief action, will not qualify.
Once a qualifying sanctions relief action has been taken, this market will resolve to “Yes,” regardless of any subsequent revocation.
The primary resolution source for this market will be official information from the United States federal government.