The United States has restored sanctions on Iran’s oil industry after withdrawing a temporary waiver that had allowed the country to export crude oil and petroleum products.
The move follows a fresh round of US military strikes and effectively reverses the sanctions relief introduced after Washington and Tehran signed a memorandum of understanding (MoU) last month aimed at easing tensions and ending hostilities.
The waiver, issued by the US Treasury, had temporarily lifted longstanding restrictions, allowing Iran to export crude oil, petrochemical products, and other petroleum-related commodities until August 21.
However, documents released by the US Treasury on Tuesday, July 7, confirmed that the waiver has been revoked and the sanctions have been reinstated.
The decision has prompted criticism from Tehran, which argues that Washington has breached the terms of the agreement.
In a statement issued on Wednesday, July 8, Mohammad Ghalibaf accused the United States of committing “major violations” of the memorandum by restoring the oil sanctions.
Iran’s Foreign Ministry also denounced the action, saying the latest development demonstrates that the agreement is no longer effective
Source: citinews
