US revoking general license for Iranian oil sales amid rising tensions in Strait of Hormuz
The US Treasury Department is revoking a general license that allowed the sale of Iranian oil due to rising tensions in the Strait of Hormuz. The move comes after three tankers were reported to have come under attack in the area, raising concerns about the impact on diplomatic efforts. The revocation may affect negotiations between the US and Iran to reopen the waterway and end the Middle East war.
- ▪The US Treasury Department revoked a general license for Iranian oil sales amid rising tensions in the Strait of Hormuz.
- ▪Three tankers were reported to have come under attack in and near the Strait of Hormuz.
- ▪The US and Iran had signed a preliminary peace agreement aimed at ending their war.
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Crude oil tanker Odessa, carrying UAE crude after passing through the Strait of Hormuz with its Automatic Identification System transponder turned off, navigates the waters at Daesan port, where it is expected to discharge crude oil, in Seosan, South Korea, May 8. Reuters-YonhapWASHINGTON — The U.S. Treasury Department said Tuesday it is revoking a general license that authorized the sale of Iranian oil, after three tankers were reported to have come under attack in and near the crucial Strait of Hormuz.The revocation raised concerns that it could affect ongoing diplomatic efforts by U.S.
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