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macroJul 7, 2026, 6:53 PM

US Revokes Iran Oil Export License After Tanker Strikes in Strait of Hormuz

The United States has revoked a general license allowing Iran to export oil after Iran struck three commercial vessels in the Strait of Hormuz. The US called the actions 'wholly unacceptable.'

The US revoked Iran's newly issued general license to export oil following an incident in which Iran struck three commercial vessels in the Strait of Hormuz.

The US described Iran's actions as "wholly unacceptable" and warned that they would "be met with consequences." The move escalates tensions in a key waterway for global oil shipments.

Source: The Kobeissi Letter