The United States reinstated its naval blockade of Iranian ports on July 14, marking a likely end to the brief détente established under the U.S.-Iran Memorandum of Understanding signed June 17. The move follows Iran's attacks on commercial vessels transiting the Strait of Hormuz starting July 7, which reignited tensions across the Persian Gulf, ultimately collapsing the agreement's key confidence-building measures. The United States has since conducted a series of strikes against Iranian military and IRGC maritime assets.

The United States reinstated its naval blockade of Iranian ports on July 14, marking a likely end to the brief détente established under the U.S.-Iran Memorandum of Understanding signed June 17. The move follows Iran's attacks on commercial vessels transiting the Strait of Hormuz starting July 7, which reignited tensions across the Persian Gulf, ultimately collapsing the agreement's key confidence-building measures. The United States has since conducted a series of strikes against Iranian military and IRGC maritime assets.

The United States today reinstated its naval blockade of Iranian ports, marking a likely end to the brief détente established under the U.S.-Iran Memorandum of Understanding signed June 17. The move follows Iran's attacks on commercial vessels transiting the Strait of Hormuz starting July 7, which reignited tensions across the Persian Gulf, ultimately collapsing the agreement's key confidence-building measures. The United States has since conducted a series of strikes against Iranian military and IRGC maritime assets.

The United States today reinstated its naval blockade of Iranian ports, marking a likely end to the brief détente established under the U.S.-Iran Memorandum of Understanding signed June 17. The move follows Iran's attacks on commercial vessels transiting the Strait of Hormuz starting July 7, which reignited tensions across the Persian Gulf, ultimately collapsing the agreement's key confidence-building measures. The United States has since conducted a series of strikes against Iranian military and IRGC maritime assets.

The U.S. Department of the Treasury has issued a broad 60-day authorization, General License X, for Iranian oil exports. This follows a U.S.-Iran Memorandum of Understanding between the United States and the Islamic Republic of Iran signed by President Trump on June 17, lifting a two month-long maritime blockade on Iranian ports and leading to a resumption of Iranian oil exports.  The general license will expire on August 21.

The U.S. Department of the Treasury issued a broad 60-day authorization, General License X, for Iranian oil exports on June 22.

The U.S. Department of the Treasury has issued a broad 60-day authorization, General License X, for Iranian oil exports.