U.S. Revokes Iran Oil License After Tanker Attacks, Straining New Diplomacy

Three tankers were struck by projectiles in the Strait of Hormuz in early July. The U.S. responded by canceling a license allowing Iran to sell oil—reversing a waiver from June talks. Iran now refuses further negotiations unless the Trump administration lifts economic sanctions, a condition the administration won't meet. The diplomatic opening established by a June ceasefire agreement faces serious pressure.