US revokes Iranian oil sanctions waiver after Hormuz tanker attacks
The US Treasury Department revoked a temporary sanctions waiver on Iranian oil on Tuesday, citing Tehran's actions in the Strait of Hormuz as 'wholly unacceptable'. The waiver, announced in June, had allowed Iran to produce, sell, and deliver crude oil until August 21. The revocation follows attacks on three tankers in the Strait of Hormuz, including a Qatari LNG vessel at risk of exploding and a Saudi crude tanker damaged. Maritime authorities raised the threat level to 'severe'. A US official, speaking anonymously, said initial indications pointed to Iran firing at two commercial vessels. No claim of responsibility was made.
Key facts
- US Treasury Department revoked temporary sanctions waiver on Iranian oil
- Waiver was announced in June and allowed Iran to produce, sell, and deliver crude oil until August 21
- Three tankers were attacked in the Strait of Hormuz, including a Qatari LNG vessel and a Saudi crude tanker
- Threat level for vessels in the Strait of Hormuz raised to 'severe'
- US official said Iran's actions were 'wholly unacceptable' and will be met with consequences
- No claim of responsibility for the attacks
- Initial indications suggest Iran fired at two commercial vessels
- Qatari LNG tanker was at risk of exploding
Entities
Institutions
- US Treasury Department
- Agence France-Presse
- Qatar
Locations
- Strait of Hormuz
- Iran
- United States
- Washington
- Qatar
- Saudi Arabia