US Reinstates Sanctions On Iran After Multiple Ships Reportedly Attacked In Strait Of Hormuz
The United States reimposed oil sanctions on Iran following reports of unprovoked attacks on ships in the Strait of Hormuz late Monday night and early Tuesday morning.
A letter from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), the license that temporarily lifted oil sanctions on Iran issued June 21 has been “revoked,” with the effective date listed as July 7, 2026. Earlier Tuesday, Reuters reported that the U.S. government was “revoking a general license that authorized the sale of Iranian oil,” with a U.S. official calling the attacks in the Strait of Hormuz “wholly unacceptable.”
The Daily Caller reached out to President Donald Trump’s White House, which confirmed Reuters’ earlier reporting.
A U.S. official explained to the Daily Caller that OFAC is, in fact, revoking GL X, “which authorized the sale of Iranian oil.”
“The MOU in effect with Iran is entirely performance-based,” the official emphasized.
“Iran will only reap benefits if they exhibit good behavior. Iran’s actions in the Strait were wholly unacceptable to the United States and will be met with consequences. Our negotiators continue to work in good faith towards a final deal,” the U.S. official added. (Read more from “US Reinstates Sanctions On Iran After Multiple Ships Reportedly Attacked In Strait Of Hormuz” HERE)
