Politics
US Reimposes Sanctions on Iran
The U.S. has revoked a sanctions waiver allowing the sale of Iranian oil, leading to a 5% increase in oil prices. The move is part of a broader strategy against Iran.
Coverage timeline — 2 articles
The Hill
{beacon} Energy & Environment Energy & Environment The Big Story US revokes order lifting sanctions on Iran oil The Trump administration on Tuesday revoked a sanctions waiver that had allowed the sale of Iranian oil and petrochemicals. © Vahid Salemi, Associated Press The revocati
2026-07-07 22:29 UTC
The Hill
Oil prices on Tuesday jumped over 5 percent after the U.S. revoked its waiver on Iranian oil sanctions following strikes on three commercial vessels near the Strait of Hormuz. International Brent crude oil jumped nearly 5.5 percent to more than $75 per barrel as of Tuesday evening. A U.S. official p
2026-07-07 22:56 UTC