Sanctions waiver
Coverage of Sanctions waiver in the Nexus archive.
- Fresh strikes cast doubt on US-Iran ceasefire
US and Iran exchanged strikes, with Iran claiming to have hit 85 US military targets in the Gulf. The US revoked a sanctions waiver for Iranian oil exports, and ceasefire negotiations are paused until after the funeral of Iran’s former supreme leader, Ali Khamenei. Disputes over control of the Strait of Hormuz and Iran’s missile program and proxy group support remain unresolved.
- Iran accuses US of violating peace agreement after strikes target sites around strait of Hormuz
Iran accused the US of violating a peace agreement after US military strikes targeted sites around the strait of Hormuz. The strikes followed Iranian attacks on three commercial vessels transiting the strait, which the US claimed violated a ceasefire. The US also revoked a temporary sanctions waiver for Iran's oil exports.
- Iran’s oil exports gain pace after US sanctions waiver
Iran’s oil exports are increasing after the US sanctions waiver, with over 20 million barrels of crude waiting in Asian waters, a 18% weekly rise. Most cargoes lack confirmed destinations, with many heading to Singapore or indicating possible ship-to-ship transfers in the Malacca Strait. The 60-day relief aims to boost Iran’s revenue and strengthen its economic position in negotiations with the US.
- US to Let Iran Oil Sanctions Waiver Expire Amid Hormuz Blockade
The U.S. will let Iran's oil sanctions waiver expire, escalating tensions over Iran's resistance to sanctions crippling its oil exports. The seizure of the Iranian tanker Grace 1 near Gibraltar has intensified disputes in the Strait of Hormuz, with Iran retaliating against U.S. sanctions.