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United States Revokes Iran General License X, Wind-Down Deadline July 17

OFAC revoked General License X on July 7, 2026, cutting off previously authorized Iranian-origin crude oil and petroleum transactions following missile strikes on ships in the Strait of Hormuz. In its place, General License X1(b) offers a ten-day wind-down window — through July 17 — with a strict requirement that payments to blocked persons land in blocked, interest-bearing U.S. accounts. Here’s what changed, and what U.S. persons need to do before the deadline.

Nippon’s CFIUS Case Tests Limits of Presidential Power

President Biden blocked Nippon’s acquisition of U.S. Steel under Section 721 of the Defense Production Act, a law born of opposition to a Japanese investment decades ago. The case offers an opportunity to challenge the President’s Section 721 authority, and limits of judicial review.

Hdeel Abdelhady Discussed Islamic Finance at Harvard Law School

MassPoint’s Founder and Principal, Hdeel Abdelhady, will speak at a program on Islamic Finance at Harvard Law School. Ms. Abdelhady, who has acted as legal counsel to financial institutions, companies, and non-profit organizations on Islamic Finance, banking, and governance matters, teaches a course in Transactional Islamic Law at The George Washington University Law School in Washington, D.C.

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