U.S. revokes Iran oil sales authorization after tanker attacks
Commercial ships and oil tankers preparing to pass through the Strait of Hormuz, one of the most critical strategic waterways in terms of global trade flow, continue their wait in the Gulf of Oman as of June 17, 2026.
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The US Treasury Department will revoke Iran’s oil sales permit following a series of attacks on tankers in the Strait of Hormuz.
The Office of Foreign Assets Control is revoking a license allowing the production, delivery and sale of Iranian oil through Aug. 21, a U.S. official told CNBC on Tuesday.
The Trump administration waived US sanctions on Iranian oil as part of the interim agreement to reopen Hormuz. However, although Iran promised safe passage to commercial ships within the scope of the agreement, this week it carried out a series of attacks on tankers passing through the strait.
“As President Trump and the administration have repeatedly confirmed, the current memorandum of understanding with Iran is entirely performance-based,” the US official said.
“Iran will only benefit if it behaves well,” the official said. “Iran’s actions in the Bosphorus are completely unacceptable to the United States and will be met with consequences.”
