America cancels the license to sell Iranian oil amid military escalation
The US administration has canceled the temporary license that had allowed the sale of Iranian oil since June 21, so that as of July 7, any purchase or loading of Iranian oil products is not permitted, with a deadline of July 17 to liquidate the ongoing operations.
The US administration canceled the temporary general license issued on June 21, which allowed the production, delivery and sale of Iranian crude oil, petrochemical and petroleum products for a period of 60 days.
The US Treasury Department’s Office of Foreign Assets Control (OFAC) issued a new general license that replaced the previous license, so that as of July 7 no purchase or download of these Iranian products is permitted.
The US administration granted a deadline until July 17 to normally complete and liquidate the ongoing operations that were permitted under the previous license.
This story was produced with machine-translation assistance, then went through human editorial review for accuracy and sourcing.

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