US Revokes License for Iranian Oil Sales as 3 British Tankers Hit in Strait of Hormuz The recent attacks on tankers in the Strait of Hormuz have sent shockwaves through the global economy, but few have stopped to consider what this might mean for the tech industry.
The region is a critical link in the global supply chain for software development and electronics manufacturing.
The US Treasury Department's decision to revoke the 60 day sanctions waiver for Iranian oil sales has significant implications for global energy prices.