Washington DC, July 7 -- The United States has revoked a general licence that authorised the sale of Iranian oil, saying Tehran's actions in the Strait of Hormuz were "wholly unacceptable" and would have consequences following recent attacks on commercial tankers, The Times of Israel reported.

According to The Times of Israel, the decision came after three tankers reported being struck by unidentified projectiles in and near the Strait of Hormuz in recent days, citing a report by the UK Maritime Trade Operations (UKMTO). There was no immediate response from Tehran or any claim of responsibility.

"As President Trump and the administration have repeatedly affirmed, the memorandum in effect with Iran is entirely performance-based. Iran wil...