US revokes Iran oil sanctions waiver after Strait of Hormuz strikes

1 week ago 18

The Trump administration on Tuesday revoked a sanctions waiver that had allowed the sale of Iranian oil and petrochemicals. The revocation comes after Iran reportedly struck three ships near the Strait of Hormuz, a key oil shipping waterway. The new document from the Treasury Department says that transactions that were authorized under its previous sanctions waiver would have to…

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