US reimposes oil sanctions on Iran
The U.S. Treasury Department reimposed sanctions on the export of Iranian oil on Tuesday, removing one of the largest benefits Iran received under the memorandum of understanding between the two countries. The department revoked its…
Assessment
The U.S. Treasury has revoked a broad sanctions waiver that had allowed Iran unrestricted oil exports for 60 days, reversing a key benefit from a bilateral understanding. The decision follows an Iranian missile attack on commercial ships in the Strait of Hormuz, which damaged vessels but caused no casualties. The move signals a sharp escalation in economic pressure tied directly to Iranian military actions at a critical maritime chokepoint.