As ships passing through the Strait of Hormuz were attacked one after another recently, the administration of Donald Trump in the United States took issue with it and withdrew the waiver on sanctions for Iranian crude oil.
On the 7th (local time), the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) said it would revoke the 60-day temporary general license issued on the 21st of last month to allow the production, delivery and sale of Iranian crude oil.
Earlier, after signing a cease-fire memorandum of understanding (MOU) with Iran, the United States had decided to allow the production, delivery and sale of Iranian crude oil for 60 days for follow-up talks, but it reversed that decision in a little over two weeks.
However, as Iranian crude oil transactions are canceled in stages, they are allowed until the 17th. The sanctions relief was originally set to apply through Aug. 21. In addition, funds from transactions that occur during the grace period must be deposited in accounts in the United States.
This measure comes as ship attacks have continued to occur despite an agreement between the United States and Iran on a cease-fire and the opening of the Strait of Hormuz. According to the United Kingdom Maritime Trade Operations (UKMTO) and others, three oil tankers were attacked near the Strait of Hormuz in the past 24 hours.
With the waiver of sanctions on Iranian crude oil withdrawn, follow-up talks between the two countries are expected to inevitably face setbacks. There is also a possibility that Iran will push back, defining this measure as a unilateral decision that undermines the trust built during the negotiations.