Trump Administration Revokes Iran Oil-Sale Waivers, Treasury Says
2026-07-07 19:12:51
According to Axios, the Trump administration on Tuesday revoked temporary waivers tied to a memorandum of understanding with Iran that had allowed Tehran to sell oil, the U.S. Treasury Department said. A U.S. official said the Office of Foreign Assets Control is revoking the general license authorizing the sales, describing the MOU as performance-based and citing renewed Iranian attacks on ships in the Strait of Hormuz over the past 24 hours.
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