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U.S. revokes Iran oil-export license after Hormuz vessel attacks
Confirmed
What we know
After Iran struck vessels in the Strait of Hormuz early in the week of MoU breakdown, the U.S. rescinded Iran’s license to sell oil internationally—reversing a core MoU economic provision, ABC’s timeline and Al-Monitor explainers reported (July 7 action rippling through mid-July coverage).
Strait traffic that had peaked near 49 ships on July 7 slowed sharply in subsequent days as risk premiums soared.
What's confirmed
- Oil-export license/waiver revocation after vessel attacks (ABC timeline; Al-Monitor).
- Traffic drop after July 7 peak noted in ABC data cite (ABC).
What's still developing
- Third-country workarounds for remaining Iranian barrels.