US Revokes Iran Oil Sanctions Waiver After Tanker Attacks

Iran oil sanctions Strait of Hormuz

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The Trump administration revoked a general license authorizing Iranian oil sales after tanker attacks in the Strait of Hormuz.
Companies have until July 17 to wind down transactions, with payments to be made into blocked US accounts.

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The Trump administration revoked a general license authorizing Iranian oil sales after tanker attacks in the Strait of Hormuz. Companies have until July 17 to wind down transactions, with payments to be made into blocked US accounts.

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