U.S. revokes Iran oil sanctions waiver after tanker attacks

[nitpicked]

https://www.cnbc.com/2026/07/07/us-revokes-iran-oil-sanctions-waiver-tanker-attacks.html

The Treasury Department is revoking the waiver that allows Iran to sell its oil, a U.S. official told CNBC Tuesday.

The decision to revoke the waiver comes after several tankers were attacked in the Strait of Hormuz.

((no more yet, will monitor))

(adding) “As President Trump and the administration have repeatedly affirmed, the MOU in effect with Iran is entirely performance-based,” the official said.

“Iran will only reap benefits if they exhibit good behavior,” they said. “Iran’s actions in the Strait were wholly unacceptable to the United States and will be met with consequences.”

[dweller]

1. and wti crude futures

Jumps to ~$72 from $68.58 at 3:10 pm








✌🏻

[durablend]

2. Good thing I filled up today

[nitpicked]

3. updated version

The U.S. Treasury Department will revoke its authorization of Iranian oil sales after a series of attacks on tankers in the Strait of Hormuz this week.

A U.S. official told CNBC Tuesday that Treasury’s Office of Foreign Assets Control is revoking the license that allowed the production, delivery, and sale of Iranian oil through August 21.

The Trump administration waived U.S. sanctions on Iranian oil under the interim deal to reopen Hormuz. But Iran has launched a series of attacks on tankers transiting the strait, despite promising safe passage to commercial ships under the deal.
(snip)

The United Kingdom Maritime Trade Operations Centre has received three separate reports of tankers coming under attack in or near Hormuz this week. The UKTMO is a maritime security advisory service.
(snip)

[SWBTATTReg]

4. Oh, and now the US controls who can sell oil or who can not? Under what authority does the US have in a foreign body of

water that allows a determination that oil can be sold or not? i suspect that this is nonsense and made up by tRUMP...

[sarisataka]

5. Perhaps it is the same authority which says Iran

can fire on ships in another country's territorial waters. The same authority that says Iran can solely control a waterway declared open to all traffic by United Nations Convention on the Law of the Sea