US Revokes Iranian Oil License, Cites Hormuz Tanker Attacks as 'Wholly Unacceptable'
🛢️ SANCTIONS — Iran shoots tankers; Washington cancels the oil license. 📌 LOOK CLOSER: Revoking the general license closes a quiet valve that kept Iranian crude flowing despite the war. Tying it explicitly to Hormuz kinetics makes de-escalation the only path to reversal. Iran faces this before Doha resumes: absorb the revenue cut or escalate further. Oil markets re-price Iranian supply risk — a second squeeze on top of tanker insurance spikes.
