Timeline
General License V
OFAC 30-day wind-down instrument for Hengli Petrochemical; expires 24 May, triggering secondary sanctions on any bank clearing Hengli dollar payments.
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#10424 May
Authorised 30-day wind-down of US-person and US-dollar transactions with Hengli; expires 24 May 2026
Iran Conflict 2026: Three days to the Hengli cliff#10624 May
Expired at 12:01am EDT without renewal, removing Hengli wind-down authorisation
Iran Conflict 2026: Sanctions licence dies in OFAC silence#10623 May
Mentioned in: Pakistan's PM takes the deal to Beijing
Iran Conflict 2026#10419 May
Mentioned in: OFAC sb0502: 50 entities, 19 vessels, no refinery
Iran Conflict 2026#9511 May
Mentioned in: Economic Fury hits four Hong Kong shells
Iran Conflict 2026#938 May
Mentioned in: OFAC sanctions China's biggest SAR satellite firm
Iran Conflict 2026#916 May
Mentioned in: China splits on Hengli before Trump-Xi
Iran Conflict 2026#896 May
Mentioned in: Araghchi meets Wang Yi in Beijing
Iran Conflict 2026#872 May
Mentioned in: China activates 2021 Blocking Rules against OFAC
Iran Conflict 2026#8429 Apr
Hengli cuts Singapore arm to 5%
Iran Conflict 2026#8429 Apr
Mentioned in: First Iran-free OFAC day of the war
Iran Conflict 2026#8328 Apr
Mentioned in: Day 60 ends with zero Iran instruments
Iran Conflict 2026#8226 Apr
GL-V opens a 24 May Iran deadline
Iran Conflict 2026#8025 Apr
Mentioned in: Beijing's Hengli reply stops at the embassy
Iran Conflict 2026#7924 Apr