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Treasury Launches Unprecedented Campaign Against Iranian Regime on Economic D-Day

Treasury and State Departments Deliver Additional Sanctions Relief on Syria

Recent Actions Body

In line with President Trump’s promise to deliver sanctions relief to Syria, the U.S. Department of State today removed Syria’s designation as a State Sponsor of Terrorism. Accordingly, Syria is no longer subject to prohibitions under the Terrorism List Governments Sanctions Regulations, 31 CFR part 596 (TLGSR), or 22 USC 7205(a)(1).

The U.S. Department of State also revoked the designation of al-Nusrah Front, also known as Hay’at Tahrir al-Sham (HTS), as a Specially Designated Global Terrorist (SDGT) organization. Concurrently, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed HTS from the Specially Designated Nationals and Blocked Persons List (“SDN List”).

As a result, Syria General License (GL) 25, which authorized certain transactions that could otherwise have been prohibited due to the role of HTS in the Syrian government, is no longer necessary, and OFAC has revoked the general license. OFAC also updated FAQ 1220, FAQ 1221, and FAQ 1222, and removed FAQ 1223.

Also, the U.S. Departments of Commerce, State and Treasury have issued an updated Tri-Seal Advisory: Sanctions and Export Controls Relief for Syria.

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Additionally, OFAC has added numerous new Iran-related names to its SDN List, and implemented the following actions with regard to its Iran sanctions programs:

• Published a Determination Pursuant to Executive Order 13902 – Aviation, Digital Asset, Gold, Shipping, and Technology Sectors of the Iranian Economy
• Published a Notice of Suspension of Certain Iranian Transactions and Sanctions Regulations General Licenses
  • Iran General License F – Related to Certain Services in Support of Professional and Amateur Sports Activities and Exchanges Involving the United States and Iran – Suspended as of August 24, 2026
  • Iran General License G – Related to Academic Exchanges and the Exportation or Importation of Certain Educational Services – Suspended as of August 24, 2026
• Issued Iran General License AA – Authorizing Certain Activities Involving La Nivernaise De Raffinage SAS
• Issued Iran General License BB – Authorizing the Wind Down of Certain Transactions Previously Authorized Under the Iranian Transactions and Sanctions Regulations
• Published an updated Iran-related Alert – Sanctions Risks of Iranian Demands for Strait of Hormuz Passage

Mr. Sanctions will work on untangling all this in a number of additional posts – undoubtedly, with Iran and Syrian updates separated. It’s more important to get this out to you now than making it ‘pretty” – for now.

And yes, Part 2 is coming out before Part 1 – because Part 1 is huge (Claude says it’s 109 pages).