Last Updated: January 19, 2026
Iran
Type of sectoral sanctions
Petrol products
Measures
The Act also mandates that the President impose banking sanctions on all foreign financial institutions, including foreign central banks or foreign state-owned or controlled banks, that are found to knowingly conduct or facilitate significant financial transactions for the purchase of Iranian petroleum or petroleum products with either the CBI or a...
Additional Sanctions
Financial measures
Oil
Petrol products
Program information
Authority
US
Program
Section 1245 of the National Defense Authorization Act for Fiscal Year 2012, P.L. 112-81, As Amended Through Public Law 115-91, Enacted December 12, 2017
Regime
OFAC country specific
Target State
Iran
Official Information
On December 31, 2011, the President signed into law the National Defense Authorization Act (NDAA). Section 1245 of the NDAA requires the President to block the property and interests in property subject to U.S. jurisdiction of all Iranian financial institutions, including the Central Bank of Iran (CBI). It also aims to reduce Iranian oil revenues a...
Additional Details
SDN
Program URL