U.S. Revokes Iran Oil License Amid Hormuz Tensions
Published on: July 8, 2026, 12:52 a.m. | Source: Devdiscourse
The United States revoked a general license allowing the sale of Iranian oil in response to unacceptable actions by Iran in the Strait of Hormuz. This move follows reports of attacks on tankers in the region, threatening fragile diplomacy between the U.S. and Iran and affecting global oil prices.
