The US has reimposed sanctions on Iranian oil after reported attacks on commercial vessels in and near the Strait of Hormuz, intensifying pressure on Tehran and raising fresh concerns over global energy supplies. The move ends a temporary sanctions waiver earlier than planned, shortening the wind-down period for Iranian oil sales.
Following the announcement, oil prices surged by more than 5% amid fears of potential supply disruptions through one of the world's most critical energy shipping routes. While US officials said negotiations with Iran remain ongoing, the latest developments have added new uncertainty to diplomatic efforts.
