Foreign Relations

US Revokes Iran Oil Waiver as Hormuz Crisis Grows

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The LNG tanker Al Rekayyat was struck while sailing at the mouth of the Strait of Hormuz. Photo: Vesselfinder.com

The United States revoked the June 21 general license that had authorized production, delivery and sale of Iranian-origin crude oil and related products, replacing it with a July 7 wind-down license that bars new purchases or loading after that date and allows only wind-down work through July 17. The move landed as maritime authorities said three tankers were struck in or near the Strait of Hormuz, including one that caught fire off Oman, with no casualties reported. Prime Minister Benjamin Netanyahu separately told Navy personnel in Haifa that Israel aims to secure shipping routes and freedom of maritime trade. For Israel and pro-Western Gulf partners, pressure on Tehran's oil revenue answers Iranian coercion at a global energy chokepoint.

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