<\/p>\n
\n\t\t\n\t\t\tDescrease article font size<\/span>\n\t\t\t\t\n\t\t<\/use>\n\t<\/svg>\n\t\t\t<\/button>\n\t<\/p>\n\n\t\t\n\t\t\tIncrease article font size<\/span>\n\t\t\t\t\n\t\t<\/use>\n\t<\/svg>\n\t\t\t<\/button>\n\t<\/p>\n<\/div>\n<\/div>\n\nThe USA revoked on Tuesday a general license that authorized the sale of Iranian oil, as a U.S. official warned that Iran\u2019s actions within the Strait of Hormuz were \u201cwholly unacceptable\u201d and can be met with consequences after attacks on tankers within the strategic waterway.<\/p>\nOil prices rose greater than five per cent following the announcement. The U.S. Treasury said it might allow a wind-down period to July 17 for Iran\u2019s oil transactions that had been allowed under the now revoked license.<\/p>\nThe U.S. official said negotiators continued to work in good faith toward a final agreement with Iran despite the newest escalation.<\/p>\nThe U.S. move got here after three tankers reported being struck by unknown projectiles in and near the Strait of Hormuz in recent days, the British navy-affiliated agency UKMTO said in a report. There was no immediate comment from Tehran, or any claim of responsibility.<\/p>\n\nStory continues below commercial<\/p>\n<\/p><\/div>\nThe attacks and the U.S. response threaten to place a fragile diplomatic understanding between Washington and Tehran on shaky ground, raising the danger that further retaliation could derail negotiations over a broader agreement.<\/p>\n\n\n\n\t\t\t\t\t\tRelated Videos<\/span>\n\t\t\t\t\t<\/p>\n\n\n\n\n\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t1:52<\/time>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tA whole bunch of 1000’s line Tehran streets for Khamenei\u2019s funeral<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\t<\/p>\n\t\tPrevious Video<\/span>\n\t<\/button>\n\t“><\/p>\n\t\tNext Video<\/span>\n\t<\/button>\n\t\t<\/button>\n\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n\t\t<\/p>\n<\/section><\/div>\n<\/p><\/div>\nOne other U.S. official, speaking on condition of anonymity, said initial indications were that Iran had fired at three industrial vessels.<\/p>\n\n\n\t\t\tMore on World<\/button>\n\t\t\tMore videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n\n\n\t\t\t\t\n\t\t\t<\/div>\n\nGet each day National news<\/h2>\nGet each day Canada news delivered to your inbox so you may never miss the day’s top stories.<\/p>\n<\/p><\/div>\n<\/p><\/div>\nThe potential escalation comes as each side had been working toward a deal that included limits on Iran\u2019s nuclear program and relief from some sanctions, including restrictions on oil exports.<\/p>\nThe Strait of Hormuz, a narrow waterway between Iran and Oman, is one among the world\u2019s most vital energy chokepoints, with roughly a fifth of world oil consumption and enormous volumes of liquefied natural gas shipments passing through every day.<\/p>\nAny prolonged disruption could push up energy prices and increase pressure on consumers and governments already facing higher fuel costs.<\/p>\n\nStory continues below commercial<\/p>\n<\/p><\/div>\nOil exports remain a critical income for Iran, providing billions of dollars in hard currency that help fund government spending and support an economy weakened by years of U.S. sanctions.<\/p>\nDespite restrictions, Tehran has managed to expand shipments lately, largely to China, making oil sales one among the country\u2019s most vital economic lifelines.<\/p>\nAny renewed effort to curb those exports could put additional pressure on Iran\u2019s funds and its ability to sustain domestic programs and regional activities.<\/p>\n<\/p><\/div>\n<\/p>\n","protected":false},"excerpt":{"rendered":"Descrease article font size Increase article font size The USA revoked on Tuesday a general license that authorized the sale of Iranian oil, as a U.S. official warned that Iran\u2019s actions within the Strait of Hormuz were \u201cwholly unacceptable\u201d and can be met with consequences after attacks on tankers within the strategic waterway. Oil prices […]<\/p>\n","protected":false},"author":1,"featured_media":362716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[6078,35584,15256,1903,2667,191,21282,11344,3761,8975],"class_list":["post-362715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-halted","tag-hormuz","tag-iran","tag-national","tag-oil","tag-sales","tag-strait","tag-strikes","tag-u-s","tag-unacceptable"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
\n\t\t\n\t\t\tIncrease article font size<\/span>\n\t\t\t\t\n\t\t<\/use>\n\t<\/svg>\n\t\t\t<\/button>\n\t<\/p>\n<\/div>\n<\/div>\n\nThe USA revoked on Tuesday a general license that authorized the sale of Iranian oil, as a U.S. official warned that Iran\u2019s actions within the Strait of Hormuz were \u201cwholly unacceptable\u201d and can be met with consequences after attacks on tankers within the strategic waterway.<\/p>\nOil prices rose greater than five per cent following the announcement. The U.S. Treasury said it might allow a wind-down period to July 17 for Iran\u2019s oil transactions that had been allowed under the now revoked license.<\/p>\nThe U.S. official said negotiators continued to work in good faith toward a final agreement with Iran despite the newest escalation.<\/p>\nThe U.S. move got here after three tankers reported being struck by unknown projectiles in and near the Strait of Hormuz in recent days, the British navy-affiliated agency UKMTO said in a report. There was no immediate comment from Tehran, or any claim of responsibility.<\/p>\n\nStory continues below commercial<\/p>\n<\/p><\/div>\nThe attacks and the U.S. response threaten to place a fragile diplomatic understanding between Washington and Tehran on shaky ground, raising the danger that further retaliation could derail negotiations over a broader agreement.<\/p>\n\n\n\n\t\t\t\t\t\tRelated Videos<\/span>\n\t\t\t\t\t<\/p>\n\n\n\n\n\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t1:52<\/time>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tA whole bunch of 1000’s line Tehran streets for Khamenei\u2019s funeral<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\t<\/p>\n\t\tPrevious Video<\/span>\n\t<\/button>\n\t“><\/p>\n\t\tNext Video<\/span>\n\t<\/button>\n\t\t<\/button>\n\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n\t\t<\/p>\n<\/section><\/div>\n<\/p><\/div>\nOne other U.S. official, speaking on condition of anonymity, said initial indications were that Iran had fired at three industrial vessels.<\/p>\n\n\n\t\t\tMore on World<\/button>\n\t\t\tMore videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n\n\n\t\t\t\t\n\t\t\t<\/div>\n\nGet each day National news<\/h2>\nGet each day Canada news delivered to your inbox so you may never miss the day’s top stories.<\/p>\n<\/p><\/div>\n<\/p><\/div>\nThe potential escalation comes as each side had been working toward a deal that included limits on Iran\u2019s nuclear program and relief from some sanctions, including restrictions on oil exports.<\/p>\nThe Strait of Hormuz, a narrow waterway between Iran and Oman, is one among the world\u2019s most vital energy chokepoints, with roughly a fifth of world oil consumption and enormous volumes of liquefied natural gas shipments passing through every day.<\/p>\nAny prolonged disruption could push up energy prices and increase pressure on consumers and governments already facing higher fuel costs.<\/p>\n\nStory continues below commercial<\/p>\n<\/p><\/div>\nOil exports remain a critical income for Iran, providing billions of dollars in hard currency that help fund government spending and support an economy weakened by years of U.S. sanctions.<\/p>\nDespite restrictions, Tehran has managed to expand shipments lately, largely to China, making oil sales one among the country\u2019s most vital economic lifelines.<\/p>\nAny renewed effort to curb those exports could put additional pressure on Iran\u2019s funds and its ability to sustain domestic programs and regional activities.<\/p>\n<\/p><\/div>\n<\/p>\n","protected":false},"excerpt":{"rendered":"Descrease article font size Increase article font size The USA revoked on Tuesday a general license that authorized the sale of Iranian oil, as a U.S. official warned that Iran\u2019s actions within the Strait of Hormuz were \u201cwholly unacceptable\u201d and can be met with consequences after attacks on tankers within the strategic waterway. Oil prices […]<\/p>\n","protected":false},"author":1,"featured_media":362716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[6078,35584,15256,1903,2667,191,21282,11344,3761,8975],"class_list":["post-362715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-halted","tag-hormuz","tag-iran","tag-national","tag-oil","tag-sales","tag-strait","tag-strikes","tag-u-s","tag-unacceptable"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
The USA revoked on Tuesday a general license that authorized the sale of Iranian oil, as a U.S. official warned that Iran\u2019s actions within the Strait of Hormuz were \u201cwholly unacceptable\u201d and can be met with consequences after attacks on tankers within the strategic waterway.<\/p>\n
Oil prices rose greater than five per cent following the announcement. The U.S. Treasury said it might allow a wind-down period to July 17 for Iran\u2019s oil transactions that had been allowed under the now revoked license.<\/p>\n
The U.S. official said negotiators continued to work in good faith toward a final agreement with Iran despite the newest escalation.<\/p>\n
The U.S. move got here after three tankers reported being struck by unknown projectiles in and near the Strait of Hormuz in recent days, the British navy-affiliated agency UKMTO said in a report. There was no immediate comment from Tehran, or any claim of responsibility.<\/p>\n
Story continues below commercial<\/p>\n<\/p><\/div>\n
The attacks and the U.S. response threaten to place a fragile diplomatic understanding between Washington and Tehran on shaky ground, raising the danger that further retaliation could derail negotiations over a broader agreement.<\/p>\n
\n\t\t\t\t\t\tRelated Videos<\/span>\n\t\t\t\t\t<\/p>\n\n\n\n\n\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t1:52<\/time>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tA whole bunch of 1000’s line Tehran streets for Khamenei\u2019s funeral<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\t<\/p>\n\t\tPrevious Video<\/span>\n\t<\/button>\n\t“><\/p>\n\t\tNext Video<\/span>\n\t<\/button>\n\t\t<\/button>\n\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n\t\t<\/p>\n<\/section><\/div>\n<\/p><\/div>\nOne other U.S. official, speaking on condition of anonymity, said initial indications were that Iran had fired at three industrial vessels.<\/p>\n\n\n\t\t\tMore on World<\/button>\n\t\t\tMore videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n\n\n\t\t\t\t\n\t\t\t<\/div>\n\nGet each day National news<\/h2>\nGet each day Canada news delivered to your inbox so you may never miss the day’s top stories.<\/p>\n<\/p><\/div>\n<\/p><\/div>\nThe potential escalation comes as each side had been working toward a deal that included limits on Iran\u2019s nuclear program and relief from some sanctions, including restrictions on oil exports.<\/p>\nThe Strait of Hormuz, a narrow waterway between Iran and Oman, is one among the world\u2019s most vital energy chokepoints, with roughly a fifth of world oil consumption and enormous volumes of liquefied natural gas shipments passing through every day.<\/p>\nAny prolonged disruption could push up energy prices and increase pressure on consumers and governments already facing higher fuel costs.<\/p>\n\nStory continues below commercial<\/p>\n<\/p><\/div>\nOil exports remain a critical income for Iran, providing billions of dollars in hard currency that help fund government spending and support an economy weakened by years of U.S. sanctions.<\/p>\nDespite restrictions, Tehran has managed to expand shipments lately, largely to China, making oil sales one among the country\u2019s most vital economic lifelines.<\/p>\nAny renewed effort to curb those exports could put additional pressure on Iran\u2019s funds and its ability to sustain domestic programs and regional activities.<\/p>\n<\/p><\/div>\n<\/p>\n","protected":false},"excerpt":{"rendered":"Descrease article font size Increase article font size The USA revoked on Tuesday a general license that authorized the sale of Iranian oil, as a U.S. official warned that Iran\u2019s actions within the Strait of Hormuz were \u201cwholly unacceptable\u201d and can be met with consequences after attacks on tankers within the strategic waterway. Oil prices […]<\/p>\n","protected":false},"author":1,"featured_media":362716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[6078,35584,15256,1903,2667,191,21282,11344,3761,8975],"class_list":["post-362715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-halted","tag-hormuz","tag-iran","tag-national","tag-oil","tag-sales","tag-strait","tag-strikes","tag-u-s","tag-unacceptable"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t1:52<\/time>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tA whole bunch of 1000’s line Tehran streets for Khamenei\u2019s funeral<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\t<\/p>\n\t\tPrevious Video<\/span>\n\t<\/button>\n\t“><\/p>\n\t\tNext Video<\/span>\n\t<\/button>\n\t\t<\/button>\n\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n\t\t<\/p>\n<\/section><\/div>\n<\/p><\/div>\nOne other U.S. official, speaking on condition of anonymity, said initial indications were that Iran had fired at three industrial vessels.<\/p>\n\n\n\t\t\tMore on World<\/button>\n\t\t\tMore videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n\n\n\t\t\t\t\n\t\t\t<\/div>\n\nGet each day National news<\/h2>\nGet each day Canada news delivered to your inbox so you may never miss the day’s top stories.<\/p>\n<\/p><\/div>\n<\/p><\/div>\nThe potential escalation comes as each side had been working toward a deal that included limits on Iran\u2019s nuclear program and relief from some sanctions, including restrictions on oil exports.<\/p>\nThe Strait of Hormuz, a narrow waterway between Iran and Oman, is one among the world\u2019s most vital energy chokepoints, with roughly a fifth of world oil consumption and enormous volumes of liquefied natural gas shipments passing through every day.<\/p>\nAny prolonged disruption could push up energy prices and increase pressure on consumers and governments already facing higher fuel costs.<\/p>\n\nStory continues below commercial<\/p>\n<\/p><\/div>\nOil exports remain a critical income for Iran, providing billions of dollars in hard currency that help fund government spending and support an economy weakened by years of U.S. sanctions.<\/p>\nDespite restrictions, Tehran has managed to expand shipments lately, largely to China, making oil sales one among the country\u2019s most vital economic lifelines.<\/p>\nAny renewed effort to curb those exports could put additional pressure on Iran\u2019s funds and its ability to sustain domestic programs and regional activities.<\/p>\n<\/p><\/div>\n<\/p>\n","protected":false},"excerpt":{"rendered":"Descrease article font size Increase article font size The USA revoked on Tuesday a general license that authorized the sale of Iranian oil, as a U.S. official warned that Iran\u2019s actions within the Strait of Hormuz were \u201cwholly unacceptable\u201d and can be met with consequences after attacks on tankers within the strategic waterway. Oil prices […]<\/p>\n","protected":false},"author":1,"featured_media":362716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[6078,35584,15256,1903,2667,191,21282,11344,3761,8975],"class_list":["post-362715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-halted","tag-hormuz","tag-iran","tag-national","tag-oil","tag-sales","tag-strait","tag-strikes","tag-u-s","tag-unacceptable"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\t\tPrevious Video<\/span>\n\t<\/button>\n\t“><\/p>\n\t\tNext Video<\/span>\n\t<\/button>\n\t\t<\/button>\n\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n\t\t<\/p>\n<\/section><\/div>\n<\/p><\/div>\nOne other U.S. official, speaking on condition of anonymity, said initial indications were that Iran had fired at three industrial vessels.<\/p>\n\n\n\t\t\tMore on World<\/button>\n\t\t\tMore videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n\n\n\t\t\t\t\n\t\t\t<\/div>\n\nGet each day National news<\/h2>\nGet each day Canada news delivered to your inbox so you may never miss the day’s top stories.<\/p>\n<\/p><\/div>\n<\/p><\/div>\nThe potential escalation comes as each side had been working toward a deal that included limits on Iran\u2019s nuclear program and relief from some sanctions, including restrictions on oil exports.<\/p>\nThe Strait of Hormuz, a narrow waterway between Iran and Oman, is one among the world\u2019s most vital energy chokepoints, with roughly a fifth of world oil consumption and enormous volumes of liquefied natural gas shipments passing through every day.<\/p>\nAny prolonged disruption could push up energy prices and increase pressure on consumers and governments already facing higher fuel costs.<\/p>\n\nStory continues below commercial<\/p>\n<\/p><\/div>\nOil exports remain a critical income for Iran, providing billions of dollars in hard currency that help fund government spending and support an economy weakened by years of U.S. sanctions.<\/p>\nDespite restrictions, Tehran has managed to expand shipments lately, largely to China, making oil sales one among the country\u2019s most vital economic lifelines.<\/p>\nAny renewed effort to curb those exports could put additional pressure on Iran\u2019s funds and its ability to sustain domestic programs and regional activities.<\/p>\n<\/p><\/div>\n<\/p>\n","protected":false},"excerpt":{"rendered":"Descrease article font size Increase article font size The USA revoked on Tuesday a general license that authorized the sale of Iranian oil, as a U.S. official warned that Iran\u2019s actions within the Strait of Hormuz were \u201cwholly unacceptable\u201d and can be met with consequences after attacks on tankers within the strategic waterway. Oil prices […]<\/p>\n","protected":false},"author":1,"featured_media":362716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[6078,35584,15256,1903,2667,191,21282,11344,3761,8975],"class_list":["post-362715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-halted","tag-hormuz","tag-iran","tag-national","tag-oil","tag-sales","tag-strait","tag-strikes","tag-u-s","tag-unacceptable"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
\t\tNext Video<\/span>\n\t<\/button>\n\t\t<\/button>\n\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n\t\t<\/p>\n<\/section><\/div>\n<\/p><\/div>\nOne other U.S. official, speaking on condition of anonymity, said initial indications were that Iran had fired at three industrial vessels.<\/p>\n\n\n\t\t\tMore on World<\/button>\n\t\t\tMore videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n\n\n\t\t\t\t\n\t\t\t<\/div>\n\nGet each day National news<\/h2>\nGet each day Canada news delivered to your inbox so you may never miss the day’s top stories.<\/p>\n<\/p><\/div>\n<\/p><\/div>\nThe potential escalation comes as each side had been working toward a deal that included limits on Iran\u2019s nuclear program and relief from some sanctions, including restrictions on oil exports.<\/p>\nThe Strait of Hormuz, a narrow waterway between Iran and Oman, is one among the world\u2019s most vital energy chokepoints, with roughly a fifth of world oil consumption and enormous volumes of liquefied natural gas shipments passing through every day.<\/p>\nAny prolonged disruption could push up energy prices and increase pressure on consumers and governments already facing higher fuel costs.<\/p>\n\nStory continues below commercial<\/p>\n<\/p><\/div>\nOil exports remain a critical income for Iran, providing billions of dollars in hard currency that help fund government spending and support an economy weakened by years of U.S. sanctions.<\/p>\nDespite restrictions, Tehran has managed to expand shipments lately, largely to China, making oil sales one among the country\u2019s most vital economic lifelines.<\/p>\nAny renewed effort to curb those exports could put additional pressure on Iran\u2019s funds and its ability to sustain domestic programs and regional activities.<\/p>\n<\/p><\/div>\n<\/p>\n","protected":false},"excerpt":{"rendered":"Descrease article font size Increase article font size The USA revoked on Tuesday a general license that authorized the sale of Iranian oil, as a U.S. official warned that Iran\u2019s actions within the Strait of Hormuz were \u201cwholly unacceptable\u201d and can be met with consequences after attacks on tankers within the strategic waterway. Oil prices […]<\/p>\n","protected":false},"author":1,"featured_media":362716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[6078,35584,15256,1903,2667,191,21282,11344,3761,8975],"class_list":["post-362715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-halted","tag-hormuz","tag-iran","tag-national","tag-oil","tag-sales","tag-strait","tag-strikes","tag-u-s","tag-unacceptable"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
\t\t<\/p>\n<\/section><\/div>\n<\/p><\/div>\n
One other U.S. official, speaking on condition of anonymity, said initial indications were that Iran had fired at three industrial vessels.<\/p>\n
\n\t\t\tMore on World<\/button>\n\t\t\tMore videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n\n\n\t\t\t\t\n\t\t\t<\/div>\n\nGet each day National news<\/h2>\nGet each day Canada news delivered to your inbox so you may never miss the day’s top stories.<\/p>\n<\/p><\/div>\n<\/p><\/div>\nThe potential escalation comes as each side had been working toward a deal that included limits on Iran\u2019s nuclear program and relief from some sanctions, including restrictions on oil exports.<\/p>\nThe Strait of Hormuz, a narrow waterway between Iran and Oman, is one among the world\u2019s most vital energy chokepoints, with roughly a fifth of world oil consumption and enormous volumes of liquefied natural gas shipments passing through every day.<\/p>\nAny prolonged disruption could push up energy prices and increase pressure on consumers and governments already facing higher fuel costs.<\/p>\n\nStory continues below commercial<\/p>\n<\/p><\/div>\nOil exports remain a critical income for Iran, providing billions of dollars in hard currency that help fund government spending and support an economy weakened by years of U.S. sanctions.<\/p>\nDespite restrictions, Tehran has managed to expand shipments lately, largely to China, making oil sales one among the country\u2019s most vital economic lifelines.<\/p>\nAny renewed effort to curb those exports could put additional pressure on Iran\u2019s funds and its ability to sustain domestic programs and regional activities.<\/p>\n<\/p><\/div>\n<\/p>\n","protected":false},"excerpt":{"rendered":"Descrease article font size Increase article font size The USA revoked on Tuesday a general license that authorized the sale of Iranian oil, as a U.S. official warned that Iran\u2019s actions within the Strait of Hormuz were \u201cwholly unacceptable\u201d and can be met with consequences after attacks on tankers within the strategic waterway. Oil prices […]<\/p>\n","protected":false},"author":1,"featured_media":362716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[6078,35584,15256,1903,2667,191,21282,11344,3761,8975],"class_list":["post-362715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-halted","tag-hormuz","tag-iran","tag-national","tag-oil","tag-sales","tag-strait","tag-strikes","tag-u-s","tag-unacceptable"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t
Get each day Canada news delivered to your inbox so you may never miss the day’s top stories.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n
The potential escalation comes as each side had been working toward a deal that included limits on Iran\u2019s nuclear program and relief from some sanctions, including restrictions on oil exports.<\/p>\n
The Strait of Hormuz, a narrow waterway between Iran and Oman, is one among the world\u2019s most vital energy chokepoints, with roughly a fifth of world oil consumption and enormous volumes of liquefied natural gas shipments passing through every day.<\/p>\n
Any prolonged disruption could push up energy prices and increase pressure on consumers and governments already facing higher fuel costs.<\/p>\n
Oil exports remain a critical income for Iran, providing billions of dollars in hard currency that help fund government spending and support an economy weakened by years of U.S. sanctions.<\/p>\n
Despite restrictions, Tehran has managed to expand shipments lately, largely to China, making oil sales one among the country\u2019s most vital economic lifelines.<\/p>\n
Any renewed effort to curb those exports could put additional pressure on Iran\u2019s funds and its ability to sustain domestic programs and regional activities.<\/p>\n<\/p><\/div>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Descrease article font size Increase article font size The USA revoked on Tuesday a general license that authorized the sale of Iranian oil, as a U.S. official warned that Iran\u2019s actions within the Strait of Hormuz were \u201cwholly unacceptable\u201d and can be met with consequences after attacks on tankers within the strategic waterway. Oil prices […]<\/p>\n","protected":false},"author":1,"featured_media":362716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[6078,35584,15256,1903,2667,191,21282,11344,3761,8975],"class_list":["post-362715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-halted","tag-hormuz","tag-iran","tag-national","tag-oil","tag-sales","tag-strait","tag-strikes","tag-u-s","tag-unacceptable"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t