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US revokes waiver for Iranian oil sales amid renewed Gulf strikes
Key Points
US revokes waiver for Iranian oil sales amid renewed Gulf strikes Issued on: The US Treasury Department has announced it will no longer allow Iranian oil sales to be conducted in US dollars on global markets after several tankers were hit by projectiles while attempting to cross the Strait of Hormuz. The move has left more than 60 million barrels of Iranian crude stranded at sea without any clear buyers. Also in this edition, we go inside a Chinese air conditioning factory racing to meet...
US revokes waiver for Iranian oil sales amid renewed Gulf strikes
Issued on:
The US Treasury Department has announced it will no longer allow Iranian oil sales to be conducted in US dollars on global markets after several tankers were hit by projectiles while attempting to cross the Strait of Hormuz. The move has left more than 60 million barrels of Iranian crude stranded at sea without any clear buyers. Also in this edition, we go inside a Chinese air conditioning factory racing to meet soaring European demand as heatwaves drive up sales.
[Image text:] IRAN
INDIA
CHINA
2MBARRELS
IRANIAN OIL LEFT IN LIMBO AT SEA
OURCE:SLOOMBERG &VORTEXA
Over 60 million barrels of crude stranded at sea (Bloomberg
USREVOKES IRAN OILSALEWAIVER
BUSINESS