The United States has revoked a temporary sanctions waiver that had allowed Iran to export oil, citing what it described as Tehran’s “wholly unacceptable” actions in the Strait of Hormuz following attacks on commercial vessels.
The United States Department of the Treasury announced the decision on Tuesday, ending a license introduced in June that had temporarily eased restrictions on Iran’s oil sector. The waiver had permitted the Islamic Republic to produce, sell and deliver crude oil and related petroleum products until August 21.
A US official, speaking on condition of anonymity, told AFP that Iran’s actions in the strategic waterway would “be met with consequences,” stressing that Washington considers the recent incidents a serious threat to maritime security.
The move follows attacks on three tankers, including a Qatari liquefied natural gas (LNG) vessel, in the Strait of Hormuz within a matter of hours, according to maritime monitoring agencies and Qatari officials. Qatar condemned the incident, describing it as an “unacceptable” Iranian attack.
Negotiations Continue Despite Rising Tensions
The tanker attacks have renewed international concerns over freedom of navigation through the Strait of Hormuz, one of the world’s most important energy shipping routes. The waterway had recently reopened after Iran lifted its blockade following a fragile ceasefire with the United States.
The US official said the memorandum of understanding between Washington and Tehran remains “entirely performance-based,” adding that Iran will only receive economic benefits if it demonstrates what the United States considers responsible conduct.
Despite the renewed sanctions, the official emphasized that negotiations between the two countries are continuing in good faith with the aim of reaching a permanent agreement.
The future of the Strait of Hormuz has remained a major point of contention in talks between the United States and Iran as both sides seek a lasting settlement to the conflict that erupted in late February.
