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63 Million Barrels of Iranian Oil Stranded as US Revokes Sanctions Waiver

63 Million Barrels of Iranian Oil Stranded as US Revokes Sanctions Waiver

ZeroHedge·8 July 2026

The United States has rescinded Iran's oil sanctions waiver following Iranian attacks on commercial vessels in the Strait of Hormuz, leaving up to 63 million barrels of crude stranded at sea with no clear buyers. This economic stranglehold on Iran intensifies the ongoing US-Iran confrontation, a flashpoint in the volatile Middle East theatre that biblical prophecy identifies as central to end-times conflict. Ezekiel 38 places Persia — modern-day Iran — among the nations that will rise against Israel in the last days, and mounting economic desperation could accelerate Iran's alignment with those prophesied coalitions.