US Reinstates Oil Sanctions on Iran Amid Tanker Attacks

Jul 7, 2026

65 min

Jul 7, 2026 21:30

US-Iran tensions: US hits Iran with renewed oil sanctions after fresh tanker strikes

## Renewed Sanctions

The United States has reinstated oil sanctions on Iran following a series of attacks on commercial tankers in the Strait of Hormuz. The US Treasury Department revoked a temporary waiver that had allowed Iran to export oil, citing the attacks as "wholly unacceptable."

## Regional Reactions

Qatar and the United Arab Emirates have condemned the attacks, with Qatar summoning Iran's deputy ambassador to protest an attack on a Qatari LNG tanker. The UAE also issued a strong condemnation, emphasizing the threat to international navigation.

## Rising Tensions

The situation in the Gulf is increasingly tense, with a third tanker reportedly struck within 24 hours. The UK Maritime Trade Operations reported that the latest incident involved a tanker hit by an uncrewed aerial vehicle, causing minor damage.

## Khamenei's Funeral

Adding to the regional volatility, the body of Iran's Supreme Leader Ali Khamenei has arrived in Iraq for funeral ceremonies. This development comes amid ongoing US-Iran tensions and recent military actions.

## Diplomatic Concerns

Israeli Prime Minister Benjamin Netanyahu has expressed concerns over a potential US sale of F-35 jets to Turkey, warning it could destabilize the Middle East. Meanwhile, Iran has stated that talks with the US will not proceed if threats continue, referencing a memorandum of understanding between the two nations.

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