The Iranian Foreign Ministry condemns the U.S. revocation of oil trade licenses
The Iranian Foreign Ministry strongly condemns the decision by the U.S. Department of the Treasury to revoke licenses related to Iran’s oil transactions, warning Washington that Tehran will take all necessary measures to safeguard its national interests and security.
Previously, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a statement announcing the revocation of previously issued licenses related to Iran’s oil trade, replacing them with new licenses. The new licenses prohibit any new transactions and require all existing transactions to be settled by July 17.
In a statement posted on its Telegram channel, the Iranian Foreign Ministry stated: "The Iranian Foreign Ministry strongly condemns the U.S. Department of the Treasury's decision to cancel the temporary exemption from the ban on Iranian oil sales, a move that seriously violates Article 10 of the Memorandum of Understanding aimed at ending military hostilities... The United States must bear full responsibility for this violation."
The statement emphasized that the revocation of the license issued on June 18 further exposes the "unreliability of U.S. authorities." The Iranian Foreign Ministry added: "The Iranian Foreign Ministry warns the U.S. of the serious consequences of violating the memorandum and will take all necessary measures to firmly defend national interests and security."
At around 2 a.m. on June 18, Iran and the United States signed a Memorandum of Understanding remotely, aiming to end the military conflict that erupted on February 28. The memorandum also outlined a timeline for the U.S. to lift its maritime blockade and arrangements for Iran to restore navigation rights in the Strait of Hormuz. Both sides are required to begin negotiations within 60 days of signing the memorandum.
Original source: toutiao.com/article/1870100683316356/
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