Latest general licence tests fragile ceasefire as Washington and Tehran seek permanent deal

The United States revoked a temporary sanctions waiver for Iranian oil Tuesday after three tankers were struck in the Strait of Hormuz, raising pressure on Tehran as it negotiates…

US revokes Iran's oil export license amid tensions. WTI reaching $110 in July 2026 at 0.7% YES.

The United States on Tuesday (local time) revoked a 60-day sanctions waiver that had allowed the sale of Iranian oil, according to the Treasury Department.