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The Nexus
SECURITYJul 7 · 19:08 UTCAXIOSBarak Ravid

U.S. revokes Iran oil waivers after Iranian attacks in Strait of Hormuz

The Trump administration revoked temporary waivers allowing Iran to sell oil in response to Iranian attacks on ships in the Strait of Hormuz. The U.S. cited Iran's 'unacceptable' actions as a reason for the revocation, emphasizing that benefits under the memorandum of understanding depend on Iran's behavior.

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