U.S. Withdraws Approval for Iranian Crude Oil Sales After Tanker Attack
The U.S. Treasury Department 2026year 7month 7day withdrew the sanctions waiver for Iranian crude oil sales. The waiver had initially been scheduled to remain in effect until 8month 21day under an agreement to reopen the Strait of Hormuz, but attacks on tankers and LNG carriers prompted the move.
The U.S. Treasury Department 2026year 7month 7day withdrew the sanctions waiver for Iranian crude oil sales. It said the decision came in response to recent attacks on tankers and LNG carriers.
Before this measure, Washington and Tehran had reached an interim agreement to reopen the Strait of Hormuz, under which the Treasury Department had waived sanctions on Iranian crude oil through 2026year 8month 21day. That waiver has now been withdrawn.
Announcing the withdrawal of the approval, the Treasury Department said sanctions would again apply to commercial crude oil imports from Iran. The announcement stated that the attacks had a significant impact on the conditions of the waiver.
This announcement confirms that certain licenses applicable to transactions with Iran have expired or become subject to review. The announcement provided no further details on specific exceptions or additional implementation guidance.
The interim agreement between the United States and Iran was concluded last month (2026year 6month) with the aim of reopening commercial shipping routes through the Strait of Hormuz. This withdrawal decision is the first case to directly call into question the validity of the waiver measures under that agreement.
Sources: Reuters,CNBC Top News
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