The United States revoked its authorization for Iran to sell oil after multiple tankers were attacked in the Strait of Hormuz on Tuesday, according to a U.S. official.
The official told The Epoch Times on Tuesday that the U.S. Treasury Department’s Office of Foreign Assets Control, the financial enforcement and sanctions arm of the agency, is revoking a license that allowed Tehran to produce, sell, and deliver oil under a memorandum of understanding that was signed by Iran and the United States in mid-June to end hostilities.
“The Office of Foreign Assets Control is revoking GL X, which authorized the sale of Iranian oil,” the official added. “As President Trump and the administration have repeatedly affirmed, the memorandum in effect with Iran is entirely performance-based.”…
US Revokes Authorization for Iran to Sell Oil After Tanker Attacks
