The US Treasury Department has issued a general license permitting limited wind-down activities in the Strait of Hormuz, according to a department press release.
The authorization allows specific operations to continue until September 12, with strict protocols governing any payments made under the license.
This move coincides with the imposition of new sanctions on Iran, signaling a complex policy shift that balances enforcement with operational continuity for international shipping.
The license provides a temporary reprieve for vessels and entities engaged in legitimate trade through the strait, which remains a critical artery for global energy flows.
By setting a hard deadline of September 12, the Treasury is forcing a clear timeline for compliance and exit strategies.
This structured approach aims to minimize immediate disruption to global oil supplies while maintaining pressure on Tehran through the new sanctions regime.