The US Treasury’s Office of Foreign Assets Control (OFAC) has launched a new online platform designed to simplify and accelerate the process for sanctioned individuals and entities to request removal from sanctions lists.
The Reconsideration Portal allows applicants to submit their cases digitally, replacing what was previously a more cumbersome paper-based or email-driven procedure.
OFAC stated that the initiative aims to make the review process more efficient and transparent for those seeking relief.
This administrative development arrives amid a broader thaw in US-Iran relations.
The United States recently temporarily suspended oil sanctions on Iran following the conclusion of the first round of diplomatic talks in Switzerland, led by Vice President JD Vance.
Iranian state media reported that Tehran has presented a draft memorandum to Washington proposing the reopening of the Strait of Hormuz in exchange for the lifting of American oil sanctions.