Timeline for General Licence HH
Treasury sanctions a Panama law firm
Iran Conflict 2026Background
General Licence HH temporarily permits activities that the US Treasury's Office of Foreign Assets Control would otherwise prohibit under the Iranian Transactions and Sanctions Regulations. It covers Roxette Maritime Shipping and Trading and seven blocked vessels named in an annex.
The licence permits specified wind-down, crew-safety, emergency-repair, environmental, port and cargo transactions until 12:01 a.m. Eastern Standard Time on 20 November 2026. Cargo must be non-Iranian, loaded by 21 October and kept away from Iranian or Russian-controlled ports. Payments to blocked people must go into blocked accounts. The authorisation does not permit new commercial contracts or activity outside its stated terms. Treasury announced the licence alongside sanctions on a Panama law firm, five people, three companies and nine ships on 21 October. Its purpose is safe handling and wind-down, not general trade relief.
What does General License HH leave prohibited?
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Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 22 October 2026. Editorial standards.
