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ARTICLE · 30 JUNE 2026

Weekly Sanctions Update: June 29, 2026

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This comprehensive sanctions update examines the latest developments in international economic sanctions and trade restrictions across multiple jurisdictions.

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

Renewed Hostilities Threaten US-Iran MOU and Negotiations

On Sunday, the US and Iran agreed to halt a series of tit-for-tat strikes that began late last week and resume talks on the Memorandum of Understanding (MOU) in Qatar on Tuesday. The renewed hostilities between the United States and Iran had threatened to sidetrack the negotiations to end the conflict. The attacks reportedly began after Iran fired on a container ship as it passed through the Strait of Hormuz and included strikes on Iranian military targets around the Strait and American assets

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