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The U.S. military resumes strikes against Iran and imposes oil sanctions.
The U.S. Central Command said that the U.S. strikes were in response to Iran's attacks on three merchant ships passing through the Strait of Hormuz, and stated that Iran's aggressive actions are "without justification, dangerous," and "clearly violate the ceasefire agreement."
U.S. officials said that this strike against Iran is a "punitive action, not a reciprocal response," and that the operation "will not end in a short period of time."
At the same time, the U.S. revoked a general license authorizing the sale of Iranian oil, and related wind-down transactions will be allowed to continue until midnight Eastern Time on July 17.
As a result, international oil prices rose immediately.
U.S. Treasury Secretary Bessent announced on June 22 that, as part of the framework for negotiations between the U.S. and Iran, the U.S. Treasury issued a 60-day general license authorizing the production, delivery, and sale of Iranian oil.
According to a notice issued that day by the U.S. Treasury's Office of Foreign Assets Control, transactions for the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products previously prohibited by multiple U.S. executive orders and regulations were exempted, valid until August 21, 2026.
(Source: BlockBeats)