US moves to reimpose sanctions after Iran strikes

The Trump administration on Tuesday revoked a sanctions waiver that had allowed the sale of Iranian oil and petrochemicals.

© Vahid Salemi, Associated Press

The revocation comes after Iran reportedly struck three ships near the Strait of Hormuz, a key oil shipping waterway.

The new document from the Treasury Department says that transactions that were authorized under its previous sanctions waiver would have to wind down by July 17. The waiver it previously issued would have allowed sales of Iranian oil through Aug. 21.

The original sanctions waiver was part of a ceasefire memorandum of understanding (MOU) between the U.S. and Iran after months of war.

Asked about the decision, a U.S. official told The Hill that the MOU is “performance-based” and that Iran would only benefit if it shows good behavior. The official said that Tehran’s actions were unacceptable, and that reimposing sanctions was the consequence.

However, they added that negotiators are continuing to work toward a final agreement.

Read more at TheHill.com.

Welcome to The Hill’s Energy & Environment newsletter, I’m Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains.

How policy will affect the energy and environment sectors now and in the future:

The U.S. military began launching a series of “powerful” strikes against targets in Iran after Tehran attacked at least three commercial vessels that were transiting the Strait of Hormuz, the U.S. Central Command (Centcom) announced on social media Tuesday evening.

The Trump administration is considering allowing space launches and re-entry off U.S. coasts, according to a notice published Tuesday.

Katherine Scarlett, a top environmental policy adviser in the Trump White House, has departed, an official confirmed to The Hill.

News we’ve flagged from other outlets touching on energy issues, the environment and other topics:

‘Can you help us?’: US oil execs turn to Trump to topple Europe’s climate rules (Politico)

Two key stories on The Hill right now:

Sen. Mitch McConnell (R-Ky.), who has been hospitalized since June 14, spoke to Senate Republican leaders on Monday and Tuesday amid growing speculation about whether he will return to the Senate before the end of the year. Read more

White House deputy press secretary Kush Desai on Monday dismissed the irony of President Trump advocating for FIFA to overturn the suspension of U.S. soccer player Folarin Balogun, given the 25-year-old would not be able to compete for the U.S. men’s team without birthright citizenship. Read more

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Read the full story at The Hill ↗

The Trump administration has revoked a sanctions waiver that permitted sales of Iranian oil and petrochemicals. The waiver revocation comes after Iran reportedly attacked three commercial vessels in the Strait of Hormuz. Companies with existing transactions authorized under the previous waiver must conclude business by July 17; the original waiver had permitted sales through August 21. The waiver was established as part of a ceasefire memorandum between the U.S. and Iran. According to a U.S. official, the sanctions framework is structured around Iran's compliance, and the administration views the recent strikes as a violation of the agreement's terms. Despite reimposing sanctions, U.S. negotiators are continuing work toward a final agreement.

Read the full story at The Hill ↗

The Trump administration on Tuesday revoked a sanctions waiver that had allowed the sale of Iranian oil and petrochemicals.

© Vahid Salemi, Associated Press

The revocation comes after Iran reportedly struck three ships near the Strait of Hormuz, a key oil shipping waterway.

The new document from the Treasury Department says that transactions that were authorized under its previous sanctions waiver would have to wind down by July 17. The waiver it previously issued would have allowed sales of Iranian oil through Aug. 21.

The original sanctions waiver was part of a ceasefire memorandum of understanding (MOU) between the U.S. and Iran after months of war.

Asked about the decision, a U.S. official told The Hill that the MOU is “performance-based” and that Iran would only benefit if it shows good behavior. The official said that Tehran’s actions were unacceptable, and that reimposing sanctions was the consequence.

However, they added that negotiators are continuing to work toward a final agreement.

Read more at TheHill.com.

Welcome to The Hill’s Energy & Environment newsletter, I’m Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains.

How policy will affect the energy and environment sectors now and in the future:

The U.S. military began launching a series of “powerful” strikes against targets in Iran after Tehran attacked at least three commercial vessels that were transiting the Strait of Hormuz, the U.S. Central Command (Centcom) announced on social media Tuesday evening.

The Trump administration is considering allowing space launches and re-entry off U.S. coasts, according to a notice published Tuesday.

Katherine Scarlett, a top environmental policy adviser in the Trump White House, has departed, an official confirmed to The Hill.

News we’ve flagged from other outlets touching on energy issues, the environment and other topics:

‘Can you help us?’: US oil execs turn to Trump to topple Europe’s climate rules (Politico)

Two key stories on The Hill right now:

Sen. Mitch McConnell (R-Ky.), who has been hospitalized since June 14, spoke to Senate Republican leaders on Monday and Tuesday amid growing speculation about whether he will return to the Senate before the end of the year. Read more

White House deputy press secretary Kush Desai on Monday dismissed the irony of President Trump advocating for FIFA to overturn the suspension of U.S. soccer player Folarin Balogun, given the 25-year-old would not be able to compete for the U.S. men’s team without birthright citizenship. Read more

You’re all caught up. See you tomorrow!

Close

The latest in politics and policy. Direct to your inbox. Sign up for the Energy and Environment newsletter

Copyright 2026 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Read the full story at The Hill ↗

The Trump administration revoked a sanctions waiver allowing sales of Iranian oil and petrochemicals Iran reportedly struck three commercial vessels near the Strait of Hormuz Transactions authorized under the previous waiver must wind down by July 17 The original waiver would have allowed sales through August 21 The waiver was part of a ceasefire memorandum of understanding between the U.S. and Iran The sanctions framework is performance-based and conditional on Iranian compliance Iran's actions were unacceptable and triggered the sanctions reimposition as consequence U.S. negotiators continue working toward a final agreement despite the waiver revocation

Read the full story at The Hill ↗

• The Trump administration revoked a sanctions waiver on Iranian oil and petrochemical sales, with existing authorized transactions required to wind down by July 17
• The revocation followed reported Iranian strikes on three commercial vessels near the Strait of Hormuz
• A U.S. official stated the sanctions waiver was performance-based and that Iran's actions violated the terms, though negotiations toward a final agreement continue