Washington revokes Iran’s Crude Oil waiver 19 days after granting it
The post Washington revokes Iran’s Crude Oil waiver 19 days after granting it appeared on BitcoinEthereumNews.com. The United States Treasury Department revoked the general license authorizing Iranian Crude Oil sales on Tuesday, ending the shortest-lived sanctions relief of the ceasefire era hours after three tankers were struck in the Strait of Hormuz. The move strips Tehran of the single largest revenue concession it extracted from last month’s talks and puts the entire fourteen-point framework on notice. Nineteen days of goodwill The waiver survived nineteen days between issuance and revocation, which tells the market everything it needs to know about how Washington scores compliance. The license arrived in June under the fourteen-point memorandum of understanding that reopened the Strait of Hormuz and originally permitted Iranian sales through August 21; the Treasury now orders those transactions unwound by July 17. American officials framed the decision in strictly transactional t