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News 2026-07-07 20:10 UTC

US Treasury Revokes Iran Oil Sales Authorization, Sets July 17 Wind-Down Deadline

() -- The US revoked its general license authorizing certain Iranian oil transactions and allowed a wind-down period through July 17, the Department of the Treasury's Office of Foreign Assets Control said in a statement on Tuesday. The Department revoked the earlier Iran-related General License X and replaced it with G