GL X1 revokes GL X only 15 days after issuance (June 22, 2026), reversing the first broad affirmative Iranian crude oil authorization in the 90-day baseline — the fastest GL-to-revocation turnaround observed in that window.
Treasury issued Iran-related General License X1, effective July 7, 2026, revoking and superseding General License X (dated June 21, 2026) to wind down the authorization for the production, delivery, and sale of crude oil, petrochemical products, and petroleum products of Iranian origin.
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