The US-Israel-Iran war · Energy, shipping and markets

US Treasury revokes the license that allowed Iranian oil sales; Iran calls it a breach of the memorandum

Confirmedon an admission by the acting party plus an independent origin: 1 distinct origin, 1 tied to no party.

The US Treasury on 7 July revoked the June general license that had allowed Iran to produce, sell and deliver oil through 21 August, barring new transactions immediately and winding down others by 17 July, Al Jazeera reported. Iran's chief negotiator Mohammad Bagher Ghalibaf called the move a major violation of the memorandum, and deputy foreign minister Kazem Gharibabadi said Iran would take 'decisive actions'. The license had been one of the main benefits Iran received under the 17 June memorandum.

When: 7 July 2026
Where: United States, the US
What: sanction
Acting party: Government of the United States
Against: Government of Iran
Attribution: Acknowledged by the acting party. Treasury statement.
In the record: Published 2026-10-27 21:03 UTC · revision 1 · backfilled

Sources

Evidence Al Jazeera Media · Government of Qatar origin: US Treasury statement · published 2026-07-08 00:00 UTC transactions will now no longer be allowed after 12:01am EDT (04:01 GMT) on July 17
Evidence The Guardian Media · Unaffiliated origin: US Treasury statement · published 2026-07-08 00:00 UTC

Claims this event bears on

Government of Iran: The US agreed at Burgenstock to oil export waivers, frozen-asset releases and a reconstruction plan for Iran.

History

When	Field	From	To	Why
2026-10-27 21:03 UTC	status	null	confirmed	P1 backfilled: researched from cited sources and graded by the one rule

Cite or reuse

The War Record, "US Treasury revokes the license that allowed Iranian oil sales; Iran calls it a breach of the memorandum", ev-20261027-z1ys, revision 1, https://thewarrecord.com/events/ev-20261027-z1ys/

This month's events as JSON (id ev-20261027-z1ys) · CC BY 4.0