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U.S. Retaliates Against Iran With Airstrikes and Oil Sanctions

The Trump administration orders military strikes and cancels oil waivers after commercial shipping attacks in the Strait of Hormuz.

July 8, 2026 at 2:30 AM

The United States launched a series of airstrikes on southern Iran Tuesday and reimposed strict sanctions on the country’s oil exports. U.S. Central Command (CENTCOM) confirmed the military action targeted the port city of Sirik, Qeshm Island, and Bandar Abbas. The strikes were described as a direct response to recent Iranian assaults on three commercial vessels in the Strait of Hormuz, which the Pentagon labeled a "blatant breach" of the existing cease-fire. In tandem with the military response, the U.S. Treasury Department revoked a critical waiver that had allowed Iran to sell oil on the international market. This move effectively severs Iran’s access to dollar-denominated transactions. U.S. officials stated the measures were necessary to impose "substantial consequences" for interference with international shipping, including recent threats to a Saudi oil tanker and a Qatari natural gas carrier. The escalation comes at a sensitive time for Tehran, which is currently observing funeral ceremonies for Supreme Leader Ayatollah Ali Khamenei. While the governor’s office in Hormozgan province reported no civilian casualties, the strikes mark an end to the "strategic pause" in hostilities. All diplomatic negotiations between the two nations have been suspended indefinitely as regional energy markets brace for potential volatility.

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