US Treasury Revokes Iran Sanctions Relief Amid Strait of Hormuz Attacks

What was said

"The US Treasury has reimposed sanctions on Iranian oil petrochemical products and gas, revoking the waivers that were issued as part of the MOU. The Treasury Department says it took the move in response to Iran targeting ships in the Strait of Hormuz."

The U.S. has completely reversed sanctions relief granted to Iran under the memorandum of understanding, reimposing restrictions on Iranian oil and petrochemical sales. This follows five Iranian attacks on vessels in the Strait of Hormuz within days. The MOU appears effectively dead, with both sides violating its terms, leaving only a cessation of direct warfare as the remaining achievement from negotiations.