World
US-Iran Tensions Escalate Over Oil Sanctions
The US has revoked a sanctions waiver that allowed the sale of Iranian oil and petrochemicals, following reports of strikes near the Strait of Hormuz. The move is seen as escalating tensions between the two nations over control of key energy routes.
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The Hill
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 tr
2026-07-07 20:05 UTC