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US Revokes Waiver Allowing Iran Oil Sales After Tanker Attacks | Bloomberg Businessweek
Posted
July 7, 2026
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The US Treasury Department revoked a waiver that allowed the sale of Iranian oil in response to attacks on tankers in the Strait of Hormuz, jeopardizing an interim peace deal between Washington and Tehran.
The Office of Foreign Assets Control said no new transactions for Iranian oil may take place on or after July 7. A previous version of the waiver, titled General License X, was issued in the wake of the peace agreement and allowed transactions for 60 days, through August 21.
Today’s episode features:
Daan Struyven, Co-Head of Global Commodities Research at Goldman Sachs
Ed Ludlow, Host of Bloomberg Tech
Stuart Paul, Bloomberg Economics US & Canada Economist
Kate Gulliver, CFO of Wayfair
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Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.
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