Trump Just Yanked Iran’s Oil Lifeline After It Struck Three Tankers in Hormuz: ‘Iran Will Only Reap Benefits if They Exhibit Good Behavior’

The U.S. revoked its authorization for Iranian oil sales after Iran struck three commercial tankers in the Strait of Hormuz, reversing a license issued just weeks earlier under the ceasefire. "Iran will only reap benefits if they exhibit good behavior," a U.S. official said. Oil prices climbed more than 5 percent.

Trump Just Yanked Iran’s Oil Lifeline After It Struck Three Tankers in Hormuz: ‘Iran Will Only Reap Benefits if They Exhibit Good Behavior’

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