OFAC’s General License X opens a temporary channel for Iranian-origin oil, petroleum and petrochemical transactions through Aug. 21. But the next phase may be harder for companies. Broader sanctions relief remains contingent on further U.S. action, and Iran’s reconstruction needs create dual-use procurement risks, while the exclusion of missiles and regional proxies from final nuclear talks raises the stakes for export controls, sanctions screening and third-country diversion enforcement.
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