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US revokes temporary sanctions waiver on Iranian oil after vessels attacked in Hormuz

The US Treasury Department on Tuesday revoked a licence that temporarily lifted oil sanctions on Iran, calling Tehran’s actions in the Strait of Hormuz “wholly unacceptable”. “Iran’s actions in the Strait were wholly unacceptable to the United States and will be met with consequences,” a US official told Agence France-Presse, after attacks on tankers in the…

Bullish · Crude Oil scmp world Tue, 07 Jul 2026 20:41:19 UTC

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