U.S TEMPORARY AUTHORIZATION FOR IRAN BASED CRUDE OIL

March 21, 2026March 21, 2026Marine News Update, Maritime Industry Updates

“OFAC Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Iranian-Origin Loaded on Vessels as of March 20, 2026.”

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The attached document is an official release issued by the
Office of Foreign Assets Control (OFAC), U.S. Department of the Treasury.

This General License U provides temporary authorization for the delivery, discharge, and completion of voyages involving Iranian-origin crude oil and petroleum products, subject to specific conditions.

Operational Highlights

Cargo must have been loaded onboard vessels on or before 20 March 2026
Authorization is valid until 19 April 2026 (U.S. time)
Permits activities necessary for voyage completion, including:
- Cargo delivery and discharge
- Port entry, anchoring, and pilotage
- Bunkering, insurance, and vessel services
- Crew safety and emergency repairs

This license is intended to facilitate the safe and orderly completion of ongoing voyages without disrupting maritime operations.

Compliance Considerations

This is a strictly time-bound authorization
No permission is granted for new loading of Iranian-origin cargo after 20 March 2026
Certain jurisdictions and sanctioned entities remain restricted
All stakeholders must continue to adhere to applicable sanctions regulations and company compliance policies

Industry Importance

This guidance is particularly relevant for:

Shipowners and Operators
Charterers and Traders
Masters and Deck Officers
Compliance and Vetting Teams

It provides critical clarity in managing existing Iranian cargoes while maintaining regulatory compliance.

Disclaimer

Writing

This content is published by Mariners Update for informational purposes only.

The attached document is an official release from the U.S. Office of Foreign Assets Control (OFAC). Mariners Update does not provide legal, regulatory, or sanctions compliance advice.