OFAC begins Phase One sanctions reimposition on Iranian sectors

The Office of Foreign Assets Control (OFAC) reimpose first tranche of sanctions targeting Iran's automotive, aviation, and financial sectors. Treasury simultaneously grants eight Significant Reduction Exceptions (SREs), temporary waivers allowing continued oil purchases from China, India, Japan, South Korea, Turkey, and Taiwan without triggering secondary sanctions. The 180-day waivers create a temporary oil revenue lifeline for Iran as the administration pursues maximum pressure diplomacy.