Around 63 million barrels of Iranian crude are stranded on tankers after the US revoked a sanctions waiver that had temporarily allowed Iran to sell oil without facing American penalties. The waiver, introduced as part of an interim US-Iran peace deal, was withdrawn following Iranian attacks on tankers in the Strait of Hormuz, leaving much of the oil without confirmed buyers.

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…

The United States has revoked a sanctions waiver that authorized the sale of Iranian oil because of its repeated attacks on tankers in the Strait of Hormuz

US revokes Iran oil waivers after attacks in the Strait of Hormuz. 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.

Around 63 million barrels of Iranian crude are stranded on tankers after the US revoked a sanctions waiver that had temporarily allowed Iran to sell oil without facing American…