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US reimposes oil sanctions after Iran strikes ships near Strait of Hormuz

The US has reimposed oil sanctions on Iran following incidents where Iran reportedly struck ships near the Strait of Hormuz, escalating tensions in the region.

By World Brief · 2026-07-03
US reimposes oil sanctions after Iran strikes ships near Strait of Hormuz

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The United States has reimposed oil sanctions on Iran, escalating regional tensions following reported Iranian attacks on commercial vessels near the Strait of Hormuz. This decision by Washington reverses a recent waiver that had permitted Iranian oil sales, a concession initially part of a temporary memorandum of understanding signed less than three weeks prior.

Iran reportedly struck at least three commercial ships, including Qatari and Saudi-flagged vessels, in the vital Strait of Hormuz on Monday and Tuesday. These maritime incidents are viewed as a direct violation of the June 2026 agreement, which aimed to de-escalate hostilities, leading U.S. officials to condemn Iran's actions as "unacceptable" and warranting repercussions.

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