U.S. Reinstates Iran Oil Sanctions After Strait of Hormuz Incidents

President Trump has reimposed sanctions on Iranian oil exports, ending a previous waiver ahead of schedule. This decision follows reported attacks on commercial vessels near the Strait of Hormuz, which U.S. officials attribute to Iran. The Treasury Department's action moves the deadline for the waiver's expiration from August 21 to July 17, escalating geopolitical tensions.