The United States terminates sanctions waiver on Iranian oil.

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Golden Finance reported that on July 8, according to the U.S. Treasury Department's Office of Foreign Assets Control local time on July 7, the United States revoked a general license authorizing Iranian oil sales, and related wind-down transactions will be permitted until midnight Eastern Time on July 17.
Affected by this, international oil prices rose accordingly.
Iran has not yet responded to this.
According to an anonymous U.S. official, preliminary indications show that "Iran recently opened fire on three commercial vessels in the Strait of Hormuz," and this act is "completely unacceptable" and will lead to corresponding consequences.
The U.S. official also said that despite the escalation, U.S. negotiators are "still making sincere efforts to reach a final agreement with Iran."
U.S. Treasury Secretary Bessent announced on June 22 that, as part of the framework for negotiations between the U.S. and Iran, the Treasury Department issued a 60-day general license authorizing the production, delivery, and sale of Iranian oil.
According to a notice issued by the U.S. Treasury Department's Office of Foreign Assets Control on the same day, transactions in Iranian crude oil, petrochemicals, and petroleum products previously banned by multiple U.S. executive orders and regulations were exempted, with the exemption lasting until August 21, 2026. (CCTV News)
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