The Trump administration on Monday canceled its waiver on Iranian oil sales after Tehran fired missiles at three ships near the Strait of Hormuz over the past 24 hours, calling the aggression “wholly unacceptable.
The Trump administration on Tuesday revoked the temporary waivers it issued as part of the memorandum of understanding (MOU) with Iran that allowed Tehran to sell oil, the Department of Treasury announced. Why it matters: The revocation of the waivers that was issued less than three weeks ago is in response to the renewed Iranian attacks against ships in…
The Trump administration on Tuesday revoked a sanctions waiver that had allowed the sale of Iranian oil and petrochemicals. The revocation comes after Iran reportedly struck three ships near the Strait of Hormuz, a key oil shipping waterway. The new document from the Treasury Department says that transactions that were authorized under its previous…
The strikes by Iran and the attacks and re-imposition of sanctions by the U.S. came weeks after the countries agreed to try to find a lasting end to their hostilities.
A cluster of strikes on vessels in the Strait of Hormuz puts a fragile peace framework into jeopardy, as unrestricted passage is a central provision of the newly brokered agreement between the U.S. and Iran.
The US Central Command says the strikes are intended to impose "heavy costs" on Iran.
The Islamic Revolutionary Guard Corps has over the past two days attacked three commercial vessels that were traveling through the Strait of Hormuz.
Iran struck commercial vessels in the Strait of Hormuz days after President Donald Trump said he gave Tehran "a week off" during Khamenei's funeral ceremonies.
'Iran’s actions in the Strait were wholly unacceptable'
