US Revokes General License for Iranian Crude Exports, Citing Hormuz Moves
JH Kim
Summary
- The US said it will revoke a general license tied to crude oil exports from Iran.
- A US government official said Iran’s actions related to the Strait of Hormuz are completely unacceptable.
- The move points to tighter US sanctions on Iran as tensions rise over the Strait of Hormuz.
Forecast Trend Report by Period
The US will revoke a general license related to exports of Iranian crude oil.
Walter Bloomberg reported on July 7 that a US government official called Iran’s actions involving the Strait of Hormuz “completely unacceptable.”
The move comes as tensions between Iran and the West escalate over the Strait of Hormuz. It points to tighter US sanctions on Iran.
JH Kim
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