Treasury Flips the Default Setting on Iran Sanctions Exceptions

Treasury Flips the Default Setting on Iran Sanctions Exceptions OFAC's September 10 notice moves from case-by-case licensing to presumption of denial, backed by new terror-financing designations and a six-figure enforcement settlement The Finding On September 10, 2026, the Treasury Department's Office of Foreign Assets Control rewrote the default rule governing who gets permission to do business connected to Iran. OFAC's updated Iran Statement of Licensing Policy replaces case-by-case review of specific license requests with a presumption of denial, and the agency said its Licensing Division immediately began denying the vast majority of outstanding Iran-related specific license applications…