Tuesday, July 7, 2026
US revoked general license authorizing Iranian oil sale, cutting short 60-day exemption after tanker attacks.
“The US revoked a general license that had authorized the sale of Iranian oil, cutting short a 60-day exemption following attacks on three tankers in the Strait of Hormuz. This decision was announced by the Treasury Department on Tuesday and is a signal that Iran had “gone too far” regarding the tanker attacks. The revoked”
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What we can confirm
Authoritative government and major-media sources report that the U.S. Treasury’s Office of Foreign Assets Control (OFAC) revoked an Iran‑related general license/waiver that had authorized Iranian oil sales after attacks on tankers in or near the Strait of Hormuz, cutting short a 60‑day exemption and signaling U.S. displeasure with Iran’s role in those attacks, and that this revocation was announced on a Tuesday; these sources do not use the literal quote “gone too far” but clearly frame the move as a response to the tanker attacks.
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Checked July 7, 2026
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Oil jumps after settlement as US revokes general license for Iran oil sales By Nicole Jao July 6, 2026 8:53 PM EDT - Updated 1 hour ago Σ Aa : A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, U.S., October 8, 2025. REUTERS/Arathy Somasekhar/ File Photo Purchase Licensing Rights
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- 13.Iran, Oman to collect tolls for using Strait of Hormuz - Daily Sun
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- 15.Oil prices fall as Trump pauses Iran attack plans - Virginia Business
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