US revokes Iran oil waiver after Hormuz tanker attacks

🇺🇸 Vanguard Nigeria (US) —
US revokes Iran oil waiver after Hormuz tanker attacks

AI Summary

The US Treasury Department canceled a license that had permitted Iran to produce and export crude oil amid ongoing tensions following tanker attacks in the Strait of Hormuz. This move signals heightened US sanctions enforcement on Iranian oil products.

The US Treasury Department canceled a license announced in June that had allowed Iran to produce, sell and deliver crude oil and related products through August 21. The post US revokes Iran oil waiver after Hormuz tanker attacks appeared first on Vanguard News.

World Politics Markets Commodities Energy Shipping US Treasury Iran oil sanctions license cancellation Hormuz attacks energy market

Read original source →