{"id":939,"date":"2026-07-08T10:38:52","date_gmt":"2026-07-08T10:38:52","guid":{"rendered":"https:\/\/modernhomejournals.com\/?p=939"},"modified":"2026-07-08T10:38:52","modified_gmt":"2026-07-08T10:38:52","slug":"trump-revokes-iran-oil-sales-waiver-after-strait-of-hormuz-attacks","status":"publish","type":"post","link":"https:\/\/modernhomejournals.com\/?p=939","title":{"rendered":"Trump Revokes Iran Oil-Sales Waiver After Strait of Hormuz Attacks"},"content":{"rendered":"
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The Trump administration on Tuesday revoked a temporary license that had allowed Iran to sell oil, citing Tehran\u2019s actions in the Strait of Hormuz.<\/p>\n

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An administration official said the decision was a response to Iran\u2019s attack on commercial vessels in the waterway.<\/p>\n

\u201cIran\u2019s actions in the Strait were wholly unacceptable to the United States and will be met with consequences,\u201d the official said.<\/p>\n

The U.S. also launched strikes against Iran in response, U.S. Central Command announced Tuesday afternoon, calling Iran\u2019s earlier attacks an \u201cunwarranted\u201d ceasefire violation.<\/p>\n

Iran\u2019s temporary license was issued last month and had been scheduled to remain in effect through Aug. 21. It allowed certain transactions tied to the production, sale and delivery of Iranian oil, along with related banking, insurance and transportation services.<\/p>\n

The Treasury Department\u2019s Office of Foreign Assets Control said companies can wind down existing transactions through July 17, but cannot make new purchases or load new shipments of Iranian crude, petroleum products or petrochemicals after Tuesday.<\/p>\n

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The official said the memorandum of understanding<\/span> between Washington and Tehran is \u201centirely performance-based,\u201d and that Iran will receive its benefits only if it \u201cexhibit[s] good behavior.\u201d<\/p>\n

The revocation came hours after three tankers were hit near the Strait of Hormuz, including a Qatari liquefied natural gas carrier that Qatar said was struck by an Iranian drone.<\/p>\n

The reversal threatens one of the biggest economic concessions in the administration\u2019s 60-day framework with Iran, which was meant to support negotiations toward a final nuclear deal to end the war.<\/p>\n

Still, the official said U.S. negotiators \u201ccontinue to work in good faith towards a final deal.\u201d<\/p>\n

Read more Democrats Are Drafting \u2018Project 2029\u2019<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The U.S. also launched strikes against Iran in response, U.S. Central Command announced Tuesday afternoon.<\/p>\n","protected":false},"author":1,"featured_media":767,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign-policy"],"yoast_head":"\nTrump Revokes Iran Oil-Sales Waiver After Strait of Hormuz Attacks - Modern Home Journals<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/modernhomejournals.com\/?p=939\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Revokes Iran Oil-Sales Waiver After Strait of Hormuz Attacks - Modern Home Journals\" \/>\n<meta property=\"og:description\" content=\"The U.S. also launched strikes against Iran in response, U.S. Central Command announced Tuesday afternoon.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/modernhomejournals.com\/?p=939\" \/>\n<meta property=\"og:site_name\" content=\"Modern Home Journals\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-08T10:38:52+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=939#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=939\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/#\\\/schema\\\/person\\\/533de239efc09a2ab59959cc1bff86d0\"},\"headline\":\"Trump Revokes Iran Oil-Sales Waiver After Strait of Hormuz Attacks\",\"datePublished\":\"2026-07-08T10:38:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=939\"},\"wordCount\":311,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=939#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/c149fa705d61af6ac3370697281e9121-scaled.jpg\",\"articleSection\":[\"Foreign Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/modernhomejournals.com\\\/?p=939#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=939\",\"url\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=939\",\"name\":\"Trump Revokes Iran Oil-Sales Waiver After Strait of Hormuz Attacks - Modern Home Journals\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=939#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=939#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/c149fa705d61af6ac3370697281e9121-scaled.jpg\",\"datePublished\":\"2026-07-08T10:38:52+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/#\\\/schema\\\/person\\\/533de239efc09a2ab59959cc1bff86d0\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=939#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/modernhomejournals.com\\\/?p=939\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/modernhomejournals.com\\\/?p=939#primaryimage\",\"url\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/c149fa705d61af6ac3370697281e9121-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/modernhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/c149fa705d61af6ac3370697281e9121-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"President Donald Trump speaks before signing a presidential memo to the EPA on pollution control in vehicles, in the Oval Office of the White House, Monday, June 29, 2026, in Washington. 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