US Treasury Secretary Scott Bessent announced on 15 April that OFAC General Licence U, covering Iranian crude loaded before 20 March, would not be renewed at its 19 April expiry. Brent closed near $95 and drifted lower the following day. Zero Iran executive orders appear on The White House presidential-actions page across 47 days.
OFAC published no designations alongside Bessent's remarks. Secondary sanctions need a named-entity list to function. Markets priced the announcement as rhetoric.
