OFAC issues Iran-related general licenses EE and FF

The Office of Foreign Assets Control has published two Iran-related general licenses, GL EE and GL FF. GL EE was issued on October 8, 2026 and expires at 12:01 a.m. eastern daylight time on October 23, 2026. GL FF was issued on October 15, 2026 and expires at 12:01 a.m. eastern daylight time on October 30, 2026. Both licenses were made available on OFAC's website at the time of issuance.

GL EE authorizes, subject to the limitation in paragraph (b), all transactions that are ordinarily incident and necessary to wind down any transaction involving Samudra Marine Services Private Limited or any entity in which Samudra owns, directly or indirectly, a 50 percent or greater interest. Payments to a blocked person under this license must be made into a blocked, interest-bearing account located in the United States.

GL FF similarly authorizes, subject to its paragraph (b) limitation, all transactions that are ordinarily incident and necessary to wind down any transaction involving the International Development Bank for Investment and Finance, also known as Iraq Development Bank, or any entity in which Iraq Development Bank owns, directly or indirectly, a 50 percent or greater interest. Payments to a blocked person must be made into a blocked account in accordance with the Iranian Transactions and Sanctions Regulations.

Both licenses expressly state that they do not authorize any other transactions prohibited by Executive Order 13846 or the Iranian Transactions and Sanctions Regulations, including transactions involving any other blocked persons, unless separately authorized.

The text of the licenses, signed by Bradley T. Smith, Director of OFAC, is available on the agency's website. The Federal Register citation is FR Doc 2026-23197, published November 13, 2026.