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#USRevokesIranOilWaiver
🚨 Breaking: U.S. Revokes Iran Oil Waiver Amid Gulf Escalation
The U.S. Treasury has revoked Iran’s oil sanctions waiver following IRGC attacks on three tankers in the Strait of Hormuz, replacing it with a 10‑day wind‑down period ending July 17, 2026.
🔹 Immediate Response: U.S. forces struck over 80 Iranian targets, including radar sites and IRGC boats.
🔹 Energy Shock: Brent crude surged 3.3% to $76.6/barrel, WTI climbed to $72.2/barrel.
🔹 Regional Fallout: Saudi Arabia and Qatar condemned the attacks, while Iran accused Washington of violating the ceasefire memorandum.
🔹 Global Impact: India and other major importers face rising costs as supply chains tighten.
Why it matters: The Strait of Hormuz carries ~20% of global oil trade. Any disruption risks higher energy prices, shipping delays, and wider instability across the Middle East.