United States reimposed sanctions on Iranian oil sales Tuesday. This action followed attacks on vessels in the Strait of Hormuz. The U.S. Treasury had previously authorized sales until August 21. Tuesday's revocation shortens this wind-down period to July 17. Oil prices rose more than five percent after the announcement.

The United States revoked a temporary sanctions waiver for Iranian oil Tuesday after three tankers were struck in the Strait of Hormuz, raising pressure on Tehran as it negotiates…

The United States launched extensive strikes on Iran over attacks on ships in the vital Strait of Hormuz, triggering a wave of reprisals Wednesday that Iran's Guards said targeted…

US revokes Iran oil waivers after attacks in the Strait of Hormuz. WTI reaching $110 in July 2026 at 0.7% YES.

The United States on Tuesday (local time) revoked a 60-day sanctions waiver that had allowed the sale of Iranian oil, according to the Treasury Department.