U.S. Revokes Iran Oil License After Tanker Strikes, Testing Month-Old Deal

Three tankers were hit by projectiles in the Strait of Hormuz in early July. The U.S. responded by revoking a license permitting Iran to sell oil—reversing a waiver granted during June talks. Iran's leadership now refuses further negotiations unless Trump halts economic pressure, conditioning talks on a move the administration shows no sign of making. The 60-day diplomatic window opened by a June 18 ceasefire agreement faces its first serious strain.