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US Revokes License for Iranian Oil Sales Amid Strait of Hormuz Tensions

Guavy AI Editorial Team
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The US is revoking a general license that allowed for the sale of Iranian oil, citing Iran's 'wholly unacceptable' actions in the Strait of Hormuz.

This move comes after three tankers reported being struck by unknown projectiles in and near the Strait of Hormuz in recent days.

The US official warned that Iran's actions would be met with consequences, but also stated that negotiators continued to work towards a final agreement with Iran despite the latest escalation.

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