U.S. revokes authorization for Iranian oil sales after tanker attacks

newsJul 7, 202617401

The U.S. Treasury Department revoked a general license that had authorized Iranian oil sales after three tankers were struck by projectiles in the Strait of Hormuz in recent days. The move followed fresh U.S. airstrikes on targets in southern Iran; U.S. Central Command said the "powerful strikes" were meant to "impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway." Bloomberg reported the revoked license was the core economic concession behind a previously signed memorandum of understanding, and the Treasury action further imperils that agreement. A U.S. official linked the license revocation directly to Iran's actions against commercial shipping, and news outlets reported oil prices rose after the announcements. Iranian foreign ministry statements published by Tasnim condemned the Treasury move as a violation of the memorandum of understanding. The revocation removes a formal U.S. authorization for global sales of Iranian oil and could prompt further diplomatic and market reactions in coming days.

Kathy Mortensen 🏳️‍🌈🇺🇦🇺🇸 💙

@kathyswords.bsky.social

I realize this impacts the world. I'm sad for the hardships this creates. I wonder though.. Who knew ahead of time? Who gained on this? AP reported earlier this year that new...🧵 #pinks #proudblue United States revokes license that authorized Iranian oil sales - www.reuters.com/business/ene...

623h ago

Dave3

More market manipulation. Grifting the night away.

Barbara Rybolt 🐸2

Yet again the regime plays with the markets and, since it is Tuesday, we can applaud Trump for yet again changing his mind.

Yashar Ali 🐘

@yasharali.bsky.social

The US military is carrying out new strikes on targets in Southern Iran right now after the Islamic Republic attacked three commercial ships near the Strait of Hormuz. The US has also revoked Iran’s sanctions waiver allowing some oil sales.

672h ago

John Bolton's Mustache6

I'm glad Congress isn't alive to see this.

M loves dogs1

Thinking of your family and all the innocent Iranians caught in the crossfire.

Becca's Mullet1

But the war is definitely over now -- oh, absolutely!

Grumpy Zeus1

Iran quickly replaces the Belgium game as Trump's most recent own goal.

DailyCuppa ☕️1

Here we go again . . .

Sky Marchini

@sky.skymarchini.net

Them: can I talk to you about the oil markets impact of ending the Iran waiver Me:

A man looking up at another person cheerfully with the text “please don’t do this

842h ago

Sky Marchini71

Welcome back to the escalation ladder everyone: special midweek edition! bsky.app/profile/ship...

Miley1

hey sky i have a two parter: are your nails painted today and if yes, what color?

OκULTRA XP🧿, writer for The Economist1

the "walking to 7/11 because gas is 11.7" prophecy will be completed before midterms?

CNN

@cnn.com

The Trump administration is reimposing sanctions on Iranian oil sales in retaliation for attacks on commercial ships near the Strait of Hormuz. https://cnn.it/4f5Sb7A

453h ago

madrileno.bsky.social3

And the world continúes to trust that idiot

Brenda 🦋2

Hi hum I can’t be bothered with his yo-yo foreign policies.

Rebel Scum1

Guess oil prices are going up again….

mike0243.bsky.social1

Curious this information comes right after Trump has a meeting with Netanyahu. BiBi must have made him a hell of an offer to stop any peace negotiation with Iran.

Peyton Farquhar1

The way donold keeps coming for the strait of hormuz, you would think it was a thirteen year old girl

Abolish the Fed1

Trump is trying to surrender but Iran wont let him. Trump is the best thing to happen to the DNC. Democrats should be thanking him because he is guaranteeing them a sweep in the midterms.

Quoting this

Stoley3

Tell me again, why we bombed Iran. Specifically, bombing the girls school?

Scott Imberman3

I think the "cease fire" has turned into "fire".

Justin Ling

@justinling.ca

Another week of war with Iran means millions more barrels of oil flowing out of the Strategic Petroleum Reserve to keep prices low.

Chart showing stocks of crude oil in the strategic petroleum reserve. Graph shows them at the lowest levels since the 1980s

381h ago

Scott Horton

@robertscotthorton.bsky.social

A ceasefire that's not a ceasefire, plus no real traffic through Hormuz, even though it's pacified and under US control, so now Treasury revokes the license it issued for Iranian oil sales. Boy if that Iran deal going well. www.bloomberg.com/news/article...

394h ago

OSINTRadar

@osintradar.bsky.social

⚡️ New York Times: Oil prices rose by 6% to around $76.5 a barrel after the United States announced the start of strikes on Iran.

161h ago

Faytuks Network

@faytuksnetwork.bsky.social

CENTCOM announces a "series of powerful strikes" against Iran in response to Iranian attacks on commercial shipping in the Strait of Hormuz over the past 36 hours. The announcement comes hours after OFAC revoked Iran's oil export waiver under the U.S.-Iran MOU. https://t.co/MKPJRiYCB4

92h ago