U.S. revokes license authorizing Iranian oil sales

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The U.S. Treasury revoked a 60-day license that had authorized the sale of Iranian oil under an interim agreement intended to help end the fighting, officials said Tuesday. The waiver had been issued last month to temporarily lift sanctions as part of talks, but Treasury officials did not explain why they rescinded it. The revocation came hours after the British military reported three tankers were struck by projectiles in the Strait of Hormuz, incidents that could complicate negotiations and underline risks to a key fuel-shipping route.

U.S. revoked a 60-day license for Iranian oil sales