The Trump administration on Monday canceled its waiver on Iranian oil sales after Tehran fired missiles at three ships near the Strait of Hormuz over the past 24 hours, calling the aggression “wholly unacceptable.
“The Office of Foreign Assets Control is revoking GL X, which authorized the sale of Iranian oil,” a US official told The Post. “As President Trump and the administration have repeatedly affirmed, the MOU in effect with Iran is entirely performance-based.”
It came as a response to the Iranian Revolutionary Guard Corps targeting three commercial ships of Gulf allies attempting to transit the Strait of Hormuz.
On Monday night, Iran fired weapons at two commercial ships — both tankers from the United Arab Emirates and Saudi Arabia, respectively, following it up with an attack on a Qatar-flagged tanker on Tuesday.
Each caused damage, with the projectiles sparking fires onboard.
“Iran will only reap benefits if they exhibit good behavior,” the US official said. “Iran’s actions in the Strait were wholly unacceptable to the United States and will be met with consequences.”
The sanctions waiver was a key provision in the US-Iran memorandum of understanding signed last month — but so was Iran reopening the strait.
Still, the official said US negotiators “continue to work in good faith towards a final deal.”
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