U.S. revokes authorization for Iranian oil sales after tanker attacks

newsJul 7, 2026331,111

The U.S. Treasury Department revoked a general license that had authorized Iranian oil sales after three tankers were struck by projectiles in the Strait of Hormuz in recent days. The move came alongside fresh U.S. airstrikes on targets in Iran; U.S. Central Command called the strikes "powerful" and said they were meant to "impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway." Officials tied the license withdrawal directly to the attacks, saying Iran's actions would be met with consequences. Bloomberg reported the revocation further imperils an interim peace agreement that had allowed limited Iranian oil exports. The administration signaled the decision aims to reduce Iran's ability to sell oil on global markets while responding militarily to the shipping attacks.

Morgan J Freeman

@mjfree.bsky.social

Here we go again... Oil jumps as TACO Trump's strike on Iran unravel fragile Mideast truce. Sell sell sell... and be ready to buy buy buy as soon as Trump flip-flops again... if you're privileged enough to be invested in the markets that is. www.cnbc.com/2026/07/08/o...

16245d ago

Sharon 🫶🏻💙🦋🍿🐸🚫👑2

Our gas stations ⛽️ raised the prices this afternoon. They don’t wait a dang minute to rip us off!

William R Knecht1

And have Billy Ray Valentine watch out for those danged Duke Brothers.

manuele.bsky.social1

Trump original goal was to strike Iran during the NATO summit. market manipulation is already known. Trump has other reasons to strike Iran during the NATO summit.

Republicans Against Trumpism

@rpsagainsttrump.bsky.social

BREAKING: The U.S. is revoking a license that allowed the sale of Iranian oil after Iran attacked three tankers in the Strait of Hormuz. A U.S. official called Iran’s actions “wholly unacceptable” and warned there would be consequences. Trump’s peace deal is going great!

18545d ago

Chris⚖️Justice5

US & Israel have never stopped violating the terms of the agreement. Which include the US Blockade and Israel's strikes in Lebanon. This has never changed since day one.

mqb2766.bsky.social1

Im starting to think that maybe fifa were not wholly serious when they awarded trump their peace prize.

BATFiNK1

they are saying 4 tankers. al rekayyat. wedyan. al maryah and 1 not identified yet

REJECT CRUELTY; DEMAND COMPETENCE (Now 87% Good Human)1

They're off schedule - it's only Tuesday. Someone should notify the WH.

upchuck66.bsky.social1

Trump wars against peace. To Trump, peace is the final outcome of war, defined as complete surrender of land, minerals, oil, arms, money, citizens, dignity, control over one’s life, independence, freedom, sanity & peace. Trump is always a war raging on the inside. He doesn’t know peace.

Quoting this

Republicans Against Trumpism199

I’m starting to think Trump isn’t getting that Nobel Peace Prize after all. At least FIFA gave him one.

Kathy Mortensen 🏳️‍🌈🇺🇦🇺🇸 💙

@kathyswords.bsky.social

I realize this impacts the world. I'm sad for the hardships this creates. I wonder though.. Who knew ahead of time? Who gained on this? AP reported earlier this year that new...🧵 #pinks #proudblue United States revokes license that authorized Iranian oil sales - www.reuters.com/business/ene...

8645d ago

Dave8

More market manipulation. Grifting the night away.

Barbara Rybolt 🐸6

Yet again the regime plays with the markets and, since it is Tuesday, we can applaud Trump for yet again changing his mind.

warispeace-1984.bsky.social1

I don’t understand how one country can revoke another countries’s ability to sell their oil or any of their resources.

Amee Vanderpool

@girlsreallyrule.bsky.social

Per AP: Following the destruction of three more tankers on Tuesday in the Strait of Hormuz. Trump has now revoked the license that had authorized the sale of Iranian oil as part of the interim agreement to end the fighting. So, I guess the war that was on and off again, is now on...again.

9745d ago

JoGo7

He just took a few days off to learn about soccer.

Fuzzy Soft2

But only until it's off!

Dr. Who1

This is totally crazy and bad. Amee America is in a lot of trouble under Donald Trump's crazy butt.

More Questions than Nine Four-Year Olds1

“It’s not even a war” Trump, this morning 😂

Anu1

Well he can now win it for a 42nd time.

Yashar Ali 🐘

@yasharali.bsky.social

The US military is carrying out new strikes on targets in Southern Iran right now after the Islamic Republic attacked three commercial ships near the Strait of Hormuz. The US has also revoked Iran’s sanctions waiver allowing some oil sales.

7645d ago

John Bolton's Mustache6

I'm glad Congress isn't alive to see this.

M loves dogs1

Thinking of your family and all the innocent Iranians caught in the crossfire.

Becca's Mullet1

But the war is definitely over now -- oh, absolutely!

Grumpy Zeus1

Iran quickly replaces the Belgium game as Trump's most recent own goal.

DailyCuppa ☕️1

Here we go again . . .

Sky Marchini

@sky.skymarchini.net

Them: can I talk to you about the oil markets impact of ending the Iran waiver Me:

A man looking up at another person cheerfully with the text “please don’t do this

10345d ago

Sky Marchini86

Welcome back to the escalation ladder everyone: special midweek edition! bsky.app/profile/ship...

Miley1

hey sky i have a two parter: are your nails painted today and if yes, what color?

OκULTRA XP🧿, writer for The Economist1

the "walking to 7/11 because gas is 11.7" prophecy will be completed before midterms?

Nicholas Grossman

@nicholasgrossman.bsky.social

I don’t think the global energy market is back to normal. And I expect the proclamations that a few months’ rise and fall in oil prices was the extent of the economic damage from the Iran war will end up looking very premature.

6644d ago

Mina1

U.S. Media seems to have decided to lie their way through it.

CNN

@cnn.com

The Trump administration is reimposing sanctions on Iranian oil sales in retaliation for attacks on commercial ships near the Strait of Hormuz. https://cnn.it/4f5Sb7A

4945d ago

madrileno.bsky.social3

And the world continúes to trust that idiot

Brenda 🦋2

Hi hum I can’t be bothered with his yo-yo foreign policies.

Rebel Scum1

Guess oil prices are going up again….

mike0243.bsky.social1

Curious this information comes right after Trump has a meeting with Netanyahu. BiBi must have made him a hell of an offer to stop any peace negotiation with Iran.

Peyton Farquhar1

The way donold keeps coming for the strait of hormuz, you would think it was a thirteen year old girl

Chris Adamson1

This time it’ll totally work. Totally.

Quoting this

Stoley3

Tell me again, why we bombed Iran. Specifically, bombing the girls school?

Scott Imberman3

I think the "cease fire" has turned into "fire".

Justin Ling

@justinling.ca

Another week of war with Iran means millions more barrels of oil flowing out of the Strategic Petroleum Reserve to keep prices low.

Chart showing stocks of crude oil in the strategic petroleum reserve. Graph shows them at the lowest levels since the 1980s

4645d ago

Scott Horton

@robertscotthorton.bsky.social

A ceasefire that's not a ceasefire, plus no real traffic through Hormuz, even though it's pacified and under US control, so now Treasury revokes the license it issued for Iranian oil sales. Boy if that Iran deal going well. www.bloomberg.com/news/article...

4145d ago

Dr. Divya (offline 🔔)

@divyampersaud.com

The US bombed Iran tonight and also canceled the lifting of sanctions of Iranian oil as stipulated by the MoU.

1544d ago

🦋 Betsy 1776 🦋 📎

@bandroll.bsky.social

U.S. revokes Iran oil waivers after attacks in Strait of Hormuz. 🤬 #Blues www.axios.com/2026/07/07/u...

1545d ago

The Wall Street Journal

@wsj.com

Breaking: The U.S. revoked a waiver that allowed the sale of Iranian oil after attacks on commercial vessels in the Strait of Hormuz on.wsj.com/4wvN9sa

1845d ago

Fred, His Enemy Getting a Vote

@thefred.bsky.social

I bet the withdrawal of the sanctions waiver was a bigger deal to Iran than yet more well-anticipated bombing. They have no incentive to allow transit if they can't sell oil.

2545d ago

OSINTRadar

@osintradar.bsky.social

⚡️ New York Times: Oil prices rose by 6% to around $76.5 a barrel after the United States announced the start of strikes on Iran.

2245d ago

3 sources

bloomberg.comUS Yanks Waiver Allowing Iran Oil Sales After Attacks cnbc.comU.S. revokes Iran oil sales authorization after tanker attacks reuters.comUS revoking license that authorized Iranian oil sales, official says

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U.S. revokes authorization for Iranian oil sales after tanker attacks

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