US revoking Iran’s license to sell oil after ‘wholly unacceptable’ attacks in Strait of Hormuz

Source: New York Post

The Trump administration on Monday canceled its waiver on Iranian oil sales after Tehran fired missiles at three ships near the Strait of Hormuz over the past 24 hours, calling the aggression “wholly unacceptable. “The Office of Foreign Assets Control is revoking GL X, which authorized the sale of Iranian oil,” a US official told The Post. “As President Trump and the administration have repeatedly affirmed, the MOU in effect with Iran is entirely performance-based.