Washington revoked a two-month sanctions waiver and renewed strikes against the Islamic Republic after reported tanker attacks in the Strait of Hormuz
Oil prices have surged as tensions between the US and Iran flared again, raising fresh concerns over supply disruptions in the Middle East after Washington reinstated pressure on Tehran and resumed military strikes.
The US Treasury’s Office of Foreign Assets Control (OFAC) on Tuesday revoked a two-month sanctions relief license for Iranian oil following reports of attacks on commercial tankers in the Strait of Hormuz. US forces also carried out a new wave of strikes against targets inside Iran…
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