US revokes license that authorised sale of Iranian oil

Dubai, Jul 8 (AP) The US has revoked a license that had authorised the sale of Iranian oil, the Treasury Department said Tuesday. The Treasury issued the 60-day license last month, waiving sanctions on Iranian oil as part of an interim agreement to end the fighting between the two countries. Treasury officials did not immediately respond to an Associated Press inquiry on why the license was revoked. The revocation came hours after the British military said three tankers were struck by projectiles in the Strait of Hormuz. They were the latest attacks targeting vessels moving through the fuel-shipping waterway that is central to negotiations seeking a permanent end to the war between the US and Iran. (AP) GSP