US Reimposes Sanctions on Iranian Oil After Multiple Tanker Attacks in Strait of Hormuz

The United States has revoked the license allowing Iranian oil sales following a series of attacks on at least three tankers in the Strait of Hormuz within less than 24 hours. A US official announced on Tuesday that the sanctions relief granted to Iran under a memorandum of understanding has been canceled. The official condemned Iran's actions in the Strait as "completely unacceptable" and warned of consequences, hinting at a possible military response.

The attacks included missile strikes on a Qatari gas tanker, Al-Rakayat, and a Saudi oil tanker, both targeted by Iranian forces. The Qatari tanker, carrying liquefied natural gas, suffered damage on its port side and sent distress signals after the strike near Omani waters as it exited the Strait. Earlier reports indicated a fire in the engine room of one tanker, raising concerns it might explode. According to the UK Maritime Trade Operations (UKMTO), at least one vessel was hit by a drone launched by Iran.

These incidents have sharply increased oil prices by over 4%. The attacks occurred despite a recent US-Iran dialogue in Qatar aimed at securing safe passage through the Strait, which has seen at least four commercial vessels attacked or damaged since the memorandum was signed. Although US President Donald Trump expressed optimism about progress in nuclear disarmament talks last week, negotiations have since stalled amid Iran's mourning events for former Supreme Leader Ali Khamenei. Large crowds in Tehran and other cities have called for revenge against the US and Israel during these demonstrations.

The renewed US sanctions and the escalation in maritime attacks underscore the fragile security situation in the strategic Strait of Hormuz and the ongoing tensions between Washington and Tehran.