# 31 CFR § 560.209: Prohibited transactions with respect to the development of Iranian petroleum resources

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-31-560.209

## Section

- **Citation:** 31 CFR § 560.209
- **Heading:** Prohibited transactions with respect to the development of Iranian petroleum resources
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 31—Money and Finance: Treasury > Subtitle B—Regulations Relating to Money and Finance > CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY > PART 560—IRANIAN TRANSACTIONS AND SANCTIONS REGULATIONS > Subpart B—Prohibitions

## Text

Except as otherwise authorized, and notwithstanding any contract entered into or any license or permit granted prior to March 16, 1995, the following are prohibited:
(a) The entry into or performance by a United States person, or the approval by a United States person of the entry into or performance by an entity owned or controlled by a United States person, of:
(1) A contract that includes overall supervision and management responsibility for the development of petroleum resources located in Iran, or
(2) A guaranty of another person's performance under such contract; or
(b) The entry into or performance by a United States person, or the approval by a United States person of the entry into or performance by an entity owned or controlled by a United States person, of:
(1) A contract for the financing of the development of petroleum resources located in Iran, or
(2) A guaranty of another person's performance under such a contract.

## Nearby sections

- [31 CFR § 560.101 § 560.101 Relation of this part to other laws and regulations.](https://www.frixlaw.com/law-library/statutes/ecfr-31-560.101.md)
- [31 CFR § 560.201 § 560.201 Prohibited importation of goods or services from Iran.](https://www.frixlaw.com/law-library/statutes/ecfr-31-560.201.md)
- [31 CFR § 560.203 § 560.203 Evasions; attempts; causing violations; conspiracies.](https://www.frixlaw.com/law-library/statutes/ecfr-31-560.203.md)
- [31 CFR § 560.204 § 560.204 Prohibited exportation, reexportation, sale, or supply of goods, technology, or services to Iran.](https://www.frixlaw.com/law-library/statutes/ecfr-31-560.204.md)
- [31 CFR § 560.205 § 560.205 Prohibited reexportation of goods, technology, or services to Iran or the Government of Iran by persons other than United States persons; exceptions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-560.205.md)
- [31 CFR § 560.206 § 560.206 Prohibited trade-related transactions with Iran; goods, technology, or services.](https://www.frixlaw.com/law-library/statutes/ecfr-31-560.206.md)
- [31 CFR § 560.207 § 560.207 Prohibited investment.](https://www.frixlaw.com/law-library/statutes/ecfr-31-560.207.md)
- [31 CFR § 560.208 § 560.208 Prohibited facilitation by United States persons of transactions by foreign persons.](https://www.frixlaw.com/law-library/statutes/ecfr-31-560.208.md)
- [31 CFR § 560.209 § 560.209 Prohibited transactions with respect to the development of Iranian petroleum resources.](https://www.frixlaw.com/law-library/statutes/ecfr-31-560.209.md)
- [31 CFR § 560.210 § 560.210 Exempt transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-31-560.210.md)
- [31 CFR § 560.211 § 560.211 Prohibited transactions involving blocked property.](https://www.frixlaw.com/law-library/statutes/ecfr-31-560.211.md)
- [31 CFR § 560.212 § 560.212 Effect of transfers violating the provisions of this part.](https://www.frixlaw.com/law-library/statutes/ecfr-31-560.212.md)
- [31 CFR § 560.213 § 560.213 Holding of funds in interest-bearing accounts; investment and reinvestment.](https://www.frixlaw.com/law-library/statutes/ecfr-31-560.213.md)
- [31 CFR § 560.214 § 560.214 Expenses of maintaining blocked physical property; liquidation of blocked property.](https://www.frixlaw.com/law-library/statutes/ecfr-31-560.214.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-31-560.209. Check the current official text before relying on it. Not legal advice.