U.S. Revokes Iran Oil Sanctions Waiver After Attack on Tankers
A 60-day exemption allowing the sale of Iranian oil was cut short after three tankers were attacked in the Strait of Hormuz.
The Trump administration has revoked a waiver that allowed Iranian oil sales, a key source of revenue for the regime, after Iran attacked three tankers in the Strait of Hormuz.
A 60-day exemption allowing the sale of Iranian oil was cut short after three tankers were attacked in the Strait of Hormuz.
The Trump administration on Tuesday revoked the temporary waivers it issued as part of the memorandum of understanding (MOU) with Iran that allowed Tehran to sell oil, the Department of Treasury announced. Why it matters: The revocation of the waivers that was issued less than three weeks ago is in response to the renewed Iranian attacks against ships inβ¦
The US launched fresh airstrikes in Iran and revoked a waiver that allowed it to sell oil globally, further imperiling a peace agreement after a series of attacks on ships in the Strait of Hormuz.