OFAC Extends EO 13902 Sanctions to Five Iranian Sectors
Treasury sanctions now cover aviation, digital assets, gold, shipping and technology firms operating in Iran, effective Aug. 24, 2026.
The Office of Foreign Assets Control has published a sector determination under Executive Order 13902, applying sanctions to any person determined to operate in Iran's aviation, digital asset, gold, shipping, or technology sectors. The determination took effect on August 24, 2026.
Executive Order 13902 was issued on January 10, 2020 by the President, invoking authority under the International Emergency Economic Powers Act. Section 1(a)(i) of the order blocks, with certain exceptions, all property and interests in property of persons operating in sectors of the Iranian economy that the Secretary of the Treasury, in consultation with the Secretary of State, designates.
On August 24, 2026, Director Bradley T. Smith, in consultation with the Department of State and pursuant to 31 CFR 560.802, determined that the aviation, digital asset, gold, shipping, and technology sectors fall within the scope of the order. Any person determined to be operating in those sectors is subject to the sanctions prescribed by section 1(a)(i).
The determination was first posted on OFAC's website and is now being disseminated through the Federal Register, Volume 91, Number 165, pages 55265-55266, FR Doc 2026-17487, filed on August 26, 2026.
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