US revokes license for Iranian oil sales as tankers hit in Strait of Hormuztankers hit in Strait of Hormuz

The US Department of the Treasury revoked the license for Iranian oil sales hours after three British tankers were struck by projectiles in the Strait of Hormuz.

This move underscores the escalating tension between Washington and Tehran, marking a critical shift in efforts to end the ongoing conflict. The revocation signals a major policy change that could further destabilize global energy markets.