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Story summary
- On July 7 the United States revoked a licence permitting Iran to export crude oil, citing its actions in the Strait of Hormuz.
- Iran’s frozen assets, including about $6 billion in Qatari accounts, remain unreleased because Qatar has not transferred the funds.
- Pakistan, the designated mediator, urged both sides to honor the Islamabad memorandum and noted the United States and Gulf states reject Iran’s toll-free claim.
