US Revokes Temporary Sanctions Relief for Iran's Oil Industry
RARaajje MV – 13 days ago
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The US Treasury Department has revoked temporary sanctions relief for Iran's oil industry, citing Iran's actions in the Strait of Hormuz as unacceptable. This relief, announced in June, had permitted Iran to produce, sell, and export unrefined oil and oil products until August 21. A US official stated that Iran's actions in the region were unacceptable and that the country would face consequences.