{"id":128387,"date":"2026-07-12T12:37:26","date_gmt":"2026-07-12T12:37:26","guid":{"rendered":"https:\/\/tv.guardian.ng\/?p=128387"},"modified":"2026-07-12T04:38:24","modified_gmt":"2026-07-12T04:38:24","slug":"us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes","status":"publish","type":"post","link":"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/","title":{"rendered":"US revokes waiver for Iranian oil sales amid renewed Gulf strikes"},"content":{"rendered":"<div class=\"dailymotion-player\"><script src=\"https:\/\/geo.dailymotion.com\/player\/x1ee8e.js\" data-video=\"k4nEtr3hSksvfRHw5BU\"><\/script><\/div><br><br><p>\nThe 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":99879,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_gam_disable_ads":false,"footnotes":""},"categories":[1077],"tags":[41490,41489,1003,41488],"class_list":["post-128387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-gulf-strikes","tag-iranian-oil","tag-us","tag-waiver"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US revokes waiver for Iranian oil sales amid renewed Gulf strikes - GuardianTV<\/title>\n<meta name=\"description\" content=\"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.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US revokes waiver for Iranian oil sales amid renewed Gulf strikes - GuardianTV\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/\" \/>\n<meta property=\"og:site_name\" content=\"GuardianTV\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-12T12:37:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s3.eu-west-1.amazonaws.com\/tv.guardian.ng\/2026\/04\/UAE-leaves-OPEC-in-blow-to-oil-cartel.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"394\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Abiodun Ogundairo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abiodun Ogundairo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\\\/\"},\"author\":{\"name\":\"Abiodun Ogundairo\",\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/#\\\/schema\\\/person\\\/a7ea396ab9bae73d4845496dbad885f1\"},\"headline\":\"US revokes waiver for Iranian oil sales amid renewed Gulf strikes\",\"datePublished\":\"2026-07-12T12:37:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\\\/\"},\"wordCount\":97,\"publisher\":{\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gtvcdn.guardian.ng\\\/2026\\\/04\\\/UAE-leaves-OPEC-in-blow-to-oil-cartel.jpg\",\"keywords\":[\"Gulf strikes\",\"Iranian oil\",\"US\",\"waiver\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\\\/\",\"url\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\\\/\",\"name\":\"US revokes waiver for Iranian oil sales amid renewed Gulf strikes - GuardianTV\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/gtvcdn.guardian.ng\\\/2026\\\/04\\\/UAE-leaves-OPEC-in-blow-to-oil-cartel.jpg\",\"datePublished\":\"2026-07-12T12:37:26+00:00\",\"description\":\"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.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/guardian.ng\\\/tv\\\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\\\/#primaryimage\",\"url\":\"https:\\\/\\\/gtvcdn.guardian.ng\\\/2026\\\/04\\\/UAE-leaves-OPEC-in-blow-to-oil-cartel.jpg\",\"contentUrl\":\"https:\\\/\\\/gtvcdn.guardian.ng\\\/2026\\\/04\\\/UAE-leaves-OPEC-in-blow-to-oil-cartel.jpg\",\"width\":700,\"height\":394,\"caption\":\"UAE leaves OPEC in blow to oil cartel\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"US revokes waiver for Iranian oil sales amid renewed Gulf strikes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/#website\",\"url\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/\",\"name\":\"GuardianTV\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/#organization\",\"name\":\"GuardianTV\",\"url\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/gtvcdn.guardian.ng\\\/2026\\\/09\\\/5SUudJ8m-oZUN2RNk-Logo-white.png\",\"contentUrl\":\"https:\\\/\\\/gtvcdn.guardian.ng\\\/2026\\\/09\\\/5SUudJ8m-oZUN2RNk-Logo-white.png\",\"width\":600,\"height\":96,\"caption\":\"GuardianTV\"},\"image\":{\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/#\\\/schema\\\/person\\\/a7ea396ab9bae73d4845496dbad885f1\",\"name\":\"Abiodun Ogundairo\",\"url\":\"https:\\\/\\\/guardian.ng\\\/tv\\\/author\\\/abiodun\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"US revokes waiver for Iranian oil sales amid renewed Gulf strikes - GuardianTV","description":"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.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/","og_locale":"en_US","og_type":"article","og_title":"US revokes waiver for Iranian oil sales amid renewed Gulf strikes - GuardianTV","og_description":"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.","og_url":"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/","og_site_name":"GuardianTV","article_published_time":"2026-07-12T12:37:26+00:00","og_image":[{"width":700,"height":394,"url":"https:\/\/s3.eu-west-1.amazonaws.com\/tv.guardian.ng\/2026\/04\/UAE-leaves-OPEC-in-blow-to-oil-cartel.jpg","type":"image\/jpeg"}],"author":"Abiodun Ogundairo","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Abiodun Ogundairo","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/#article","isPartOf":{"@id":"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/"},"author":{"name":"Abiodun Ogundairo","@id":"https:\/\/guardian.ng\/tv\/#\/schema\/person\/a7ea396ab9bae73d4845496dbad885f1"},"headline":"US revokes waiver for Iranian oil sales amid renewed Gulf strikes","datePublished":"2026-07-12T12:37:26+00:00","mainEntityOfPage":{"@id":"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/"},"wordCount":97,"publisher":{"@id":"https:\/\/guardian.ng\/tv\/#organization"},"image":{"@id":"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/#primaryimage"},"thumbnailUrl":"https:\/\/gtvcdn.guardian.ng\/2026\/04\/UAE-leaves-OPEC-in-blow-to-oil-cartel.jpg","keywords":["Gulf strikes","Iranian oil","US","waiver"],"articleSection":["Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/","url":"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/","name":"US revokes waiver for Iranian oil sales amid renewed Gulf strikes - GuardianTV","isPartOf":{"@id":"https:\/\/guardian.ng\/tv\/#website"},"primaryImageOfPage":{"@id":"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/#primaryimage"},"image":{"@id":"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/#primaryimage"},"thumbnailUrl":"https:\/\/gtvcdn.guardian.ng\/2026\/04\/UAE-leaves-OPEC-in-blow-to-oil-cartel.jpg","datePublished":"2026-07-12T12:37:26+00:00","description":"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.","breadcrumb":{"@id":"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/#primaryimage","url":"https:\/\/gtvcdn.guardian.ng\/2026\/04\/UAE-leaves-OPEC-in-blow-to-oil-cartel.jpg","contentUrl":"https:\/\/gtvcdn.guardian.ng\/2026\/04\/UAE-leaves-OPEC-in-blow-to-oil-cartel.jpg","width":700,"height":394,"caption":"UAE leaves OPEC in blow to oil cartel"},{"@type":"BreadcrumbList","@id":"https:\/\/guardian.ng\/tv\/us-revokes-waiver-for-iranian-oil-sales-amid-renewed-gulf-strikes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/guardian.ng\/tv\/"},{"@type":"ListItem","position":2,"name":"US revokes waiver for Iranian oil sales amid renewed Gulf strikes"}]},{"@type":"WebSite","@id":"https:\/\/guardian.ng\/tv\/#website","url":"https:\/\/guardian.ng\/tv\/","name":"GuardianTV","description":"","publisher":{"@id":"https:\/\/guardian.ng\/tv\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/guardian.ng\/tv\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/guardian.ng\/tv\/#organization","name":"GuardianTV","url":"https:\/\/guardian.ng\/tv\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/guardian.ng\/tv\/#\/schema\/logo\/image\/","url":"https:\/\/gtvcdn.guardian.ng\/2026\/09\/5SUudJ8m-oZUN2RNk-Logo-white.png","contentUrl":"https:\/\/gtvcdn.guardian.ng\/2026\/09\/5SUudJ8m-oZUN2RNk-Logo-white.png","width":600,"height":96,"caption":"GuardianTV"},"image":{"@id":"https:\/\/guardian.ng\/tv\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/guardian.ng\/tv\/#\/schema\/person\/a7ea396ab9bae73d4845496dbad885f1","name":"Abiodun Ogundairo","url":"https:\/\/guardian.ng\/tv\/author\/abiodun\/"}]}},"_links":{"self":[{"href":"https:\/\/guardian.ng\/tv\/wp-json\/wp\/v2\/posts\/128387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/guardian.ng\/tv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/guardian.ng\/tv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/guardian.ng\/tv\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/guardian.ng\/tv\/wp-json\/wp\/v2\/comments?post=128387"}],"version-history":[{"count":1,"href":"https:\/\/guardian.ng\/tv\/wp-json\/wp\/v2\/posts\/128387\/revisions"}],"predecessor-version":[{"id":128388,"href":"https:\/\/guardian.ng\/tv\/wp-json\/wp\/v2\/posts\/128387\/revisions\/128388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/guardian.ng\/tv\/wp-json\/wp\/v2\/media\/99879"}],"wp:attachment":[{"href":"https:\/\/guardian.ng\/tv\/wp-json\/wp\/v2\/media?parent=128387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/guardian.ng\/tv\/wp-json\/wp\/v2\/categories?post=128387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/guardian.ng\/tv\/wp-json\/wp\/v2\/tags?post=128387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}