US Treasury revokes June 21 Iran-related waiver; Revokes General License X, effective July 7, 2026, which previously authorized the production, delivery, and sale of Iranian-origin crude oil and petrochemical products to Iran
[MARKET UPDATE] Crude and Dollar rise, while stocks, bonds and gold take a hit as US Treaury revokes Iran General License X regarding authorised sale of Iranian oil, and US official warns of consequences to Iran's actions in Hormuz
US official says negotiators continue to work in good faith towards a final agreement and Iran's actions in the Strait were wholly unacceptable to the US and will be met with consequences
US Treasury revokes June 21 Iran-related waiver; Revokes General License X, effective July 7, 2026, which previously authorized the production, delivery, and sale of Iranian-origin crude oil and petrochemical products to Iran
Kraken seeks full banking license in Europe, CoinDesk reports
CRUDE WRAP: WTI (Q6) SETTLES USD 1.89 HIGHER AT 70.44/BBL; BRENT (U6) SETTLES USD 2.17 HIGHER AT 74.16/BBL
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GENERAL LICENSE X1
- Revocation and Wind Down of June 21, 2026 Authorization for the Production, Delivery and Sale of Crude Oil, Petrochemical Products, and Petroleum Products of Iranian Origin (a) Effective July 7, 2026, General License X, dated June 21, 2026, is revoked and superseded in its entirety by General License X1.
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