The US Treasury Department has revoked the general licence that authorised the sale of Iranian oil, according to a statement issued by the Office of Foreign Assets Control.

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 Treasury eases sanctions on Iran, allowing oil sales and dollar transactions. Final nuclear deal by August 18, 2026 at 17.5% YES.

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.