US cancels Iran oil sanctions exemption following 'peace deal'

On Tuesday, the United States withdrew a temporary exemption on Iranian oil sanctions in the wake of an attack on three tankers in the Strait of Hormuz. This waiver, which was introduced in June as part of a "peace deal," was initially set to permit the Islamic Republic to manufacture, market, and transport crude oil and associated goods through August 21. The decision follows rising friction and recent American military strikes against Iran.

by shortkt.com
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US cancels Iran oil sanctions exemption following 'peace deal' | ShortKT