The Office of Foreign Assets Control (OFAC), the US Treasury arm that administers sanctions, issued no Iran waiver, general licence or delisting through 18 June. Its updates that day touched Counter-Terrorism and Cuba designations only1. The published text of the US-Iran memorandum explains the silence rather than contradicting it: full sanctions relief, including the United Nations Security Council resolutions, is tied to a "final agreement" on "a schedule to be agreed", and only oil-transaction waivers apply "immediately upon signing"2.
That distinction matters because an OFAC licence is a mechanical instrument, not a statement. Its absence settles the question in a way a podium denial cannot. Roughly $100bn in frozen Iranian assets and a $300bn reconstruction plan are both contingent on a deal that has not been drafted3.
Secretary of State Marco Rubio told Congress on 2 June the United States "is not discussing, nor has it offered, sanctions relief for Tehran", and he has not walked that back4. One US official called the 14-point text a "gentleman's agreement". The structure follows the position Washington held before signing: the MOU defers relief because the administration had not conceded it. For Iran's hardliners, the empty register is evidence the deal delivers nothing now, strengthening the Paydari and IRGC case against it.
