Logo
3 out of 11 Articles
Ships

US Strikes Iran and Revokes Oil Sanctions Waiver After Attacks on Tankers in Hormuz

The US military unleashed a new wave of strikes against Iran on Tuesday, July 7, 2026, and revoked the license permitting Tehran to sell oil, after three tankers were hit by projectiles in the Strait of Hormuz. The dual blow landed on a ceasefire already showing deep cracks. It came at the close of a day in which enormous crowds mourned Iran's slain supreme leader Ayatollah Ali Khamenei in the holy city of Qom. US Central Command announced it had begun a series of "powerful" strikes intended to impose heavy costs for attacking commercial shipping.

CENTCOM called Iran's aggression unwarranted, dangerous and a clear violation of the ceasefire. Iranian outlets described explosions early Wednesday, July 8, in the southern port city of Sirik, on Qeshm Island, and in Bandar Abbas, where several fishing boats were set ablaze. A US official said the strikes targeted Iranian air defense systems, coastal surveillance systems, surface-to-air missiles, anti-ship cruise missiles and drone launch sites. Washington had revoked the oil waiver shortly before the strikes began, raising the pressure on Tehran as it negotiates a final settlement.

The US Treasury had issued a general license on June 22 permitting the sale of Iranian crude oil and petroleum products through August 21. In revoking that license on Tuesday, July 7, Washington gave Iran until July 17 to wind down any transactions. Iran's foreign ministry condemned the move as a breach of the framework agreement that ended the war and warned that it would take decisive measures to protect its interests and national security. Oil prices climbed more than three percent after the announcement. Qatar summoned Iran's deputy ambassador over the strike on its liquefied natural gas tanker, and Riyadh condemned the targeting of the Saudi supertanker Wedyan.

(TOI/VFI News)

"There is no king saved by the multitude of an host: a mighty man is not delivered by much strength." – Psalm 33:16