U.S. Ends Iran Oil Sanctions Waiver After Strait of Hormuz Tanker Attacks

The United States had granted a 60‑day exemption that allowed the sale of Iranian oil. The waiver was part of a temporary relief from sanctions on Tehran’s petroleum exports. Three tankers were attacked in the strategic Strait of Hormuz. The attacks heightened concerns over the safety of oil shipments in the region. In response, the U.S. moved to revoke the exemption immediately. The revocation ends the short‑term permission and restores full sanctions on Iranian oil. The decision reflects Washington’s response to the attacks. The revocation may affect the flow of Iranian oil and market dynamics.