US Treasury Revokes License for Iranian Crude Oil Sales

Hyperdash News07/07/2026 19:05 UTCCommodities

The U.S. Treasury Department has revoked a general license that previously authorized the production, delivery, and sale of Iranian crude oil. This regulatory change is expected to decrease the supply of Iranian oil available to global markets. The action follows recent tensions in the Strait of Hormuz.

This move tightens the supply outlook for crude oil, impacting global energy markets. The revocation directly targets Iran's ability to export oil, a significant factor in international crude supply. On Hyperdash,

WTI Crude is up +0.98% and

Brent Crude 1.03% since the news.

Sources

First Squawk

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