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.
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“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.”
“Iran will only reap benefits if they exhibit good behavior. Iran’s actions in the Strait were wholly unacceptable to the United States and will be met with consequences,” the person added.
Still, the official said US negotiators “continue to work in good faith towards a final deal.”
