U.S. struck over 80 Iranian military targets on July 7 after attacks on commercial vessels in the Strait of Hormuz.
President Donald Trump approved the operation, with U.S. officials calling it "punishment" and saying strikes may continue.
OFAC revoked Iran General License X and issued General License X1, beginning the wind-down of authorized Iranian oil-related activities.
Iran vowed a "devastating response", while crude oil prices jumped and Asia-Pacific bond yields moved higher.
#USLaunchesNewStrikesAgainstIran
President Donald Trump approved the operation, with U.S. officials calling it "punishment" and saying strikes may continue.
OFAC revoked Iran General License X and issued General License X1, beginning the wind-down of authorized Iranian oil-related activities.
Iran vowed a "devastating response", while crude oil prices jumped and Asia-Pacific bond yields moved higher.
#USLaunchesNewStrikesAgainstIran