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ARTICLE · 05 JUNE 2026

Weekly Sanctions Update: June 1, 2026

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The Sanctions Update is compiled by Steptoe’s International Trade and Regulatory Compliance team and Steptoe’s Strategic Risk team.

United StatesInternational Law
Steptoe LLP
Steptoe LLP

The Sanctions Update is compiled by Steptoe’s International Trade and Regulatory Compliance team and Steptoe’s Strategic Risk team. You can subscribe to receive the Sanctions Update every week through Steptoe’s International Compliance Blog and Stepwise Risk Outlook publication home pages. 

For more information or advice on any of the developments discussed below, please contact a member of our sanctions team here.

US Developments

OFAC, State Continue to Issue New Designations under “Economic Fury”

The Office of Foreign Assets Control (OFAC) and the Department of State have continued to increase sanctions pressure on Iran amid negotiations to extend the ceasefire and reopen the Strait of Hormuz.

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