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US reinstates sanctions on Iranian oil sales after LNG, oil tanker attacks

US reinstates sanctions on Iranian oil sales after LNG, oil tanker attacks
# 08 July 2026 00:12 (UTC +04:00)

The United ‌States on Tuesday re-imposed sanctions on Iranian oil, as a U.S. official warned that Iran's attacks on vessels in the Strait of Hormuz were "wholly unacceptable" and would be met with consequences, APA reports citing Reuters.

Oil prices were up more than 5% following the announcement. The U.S. Treasury had ​authorized last month Iran oil sales until August 21 as part of the fragile agreement ​between Tehran and Washington. Tuesday's revocation cuts that wind-down period to an end date ⁠of July 17.

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