US revokes General Licence X which had authorised sale of Iranian oil

9 July 2026

US revokes General Licence X which had authorised sale of Iranian oildaneilo/Shutterstock.com

The US has revoked Iran-related General License X authorising the sale and delivery of Iranian crude oil (which was due to expire on 21 August 2026) and has replaced it with General License X1...

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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