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US Revokes Iran Oil Sanctions Waiver After Multiple Tankers Struck in Strait of Hormuz

The US Treasury Department on Tuesday revoked Iran’s oil sanctions waivers granted under the US-Iran Memorandum of Understanding (MoU), as implementation of the agreement continues to falter. The move comes after at least three tankers were hit by drones in the Strait of Hormuz, and while Iran hasn’t taken credit for the attacks, they came […]
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Aug 28, 2026 / Tyler Durden
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