The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. The US Treasury Department revoked a waiver that allowed the sale of Iranian oil in response to attacks on tankers in the Strait of Hormuz, jeopardizing an interim peace deal between Washington and Tehran. The Office of Foreign Assets Control said no new transactions for Iranian oil may take place on or after July 7. A previous version of the waiver, titled General License X, was issued in the wake of the peace agreement and allowed transactions for 60 days, through August 21. Today’s episode features: Daan Struyven, Co-Head of Global Commodities Research at Goldman Sachs Ed Ludlow, Host of Bloomberg Tech Stuart Paul, Bloomberg Economics US & Canada Economist Kate Gulliver, CFO of Wayfair See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors. Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Listen to more of Bloomberg Businessweek: https://youtube.com/playlist?list=PLe4PRejZgr0NDtGW4nghKtCxl6SCdFJfq #Bloomberg #Podcast #News #Businessweek Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake For coverage on news, markets and more: http://www.bloomberg.com/video