SITUATION REPORT

Iran, U.S.: U.S. Revokes Sanctions Waivers for Iranian Oil Exports

Jul 7, 2026 | 19:57 GMT

The U.S. Treasury Department's Office of Foreign Assets Control revoked the June 21 general license that allowed Iran to export crude oil as part of the terms of the June memorandum of understanding between the two countries, OFAC said in a July 7 statement published on its website....

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