US revokes Iran oil sanctions waiver after Hormuz attacks

The US has lifted a waiver that allowed certain countries to continue importing Iranian oil, following a series of attacks on tankers near the Strait of Hormuz, which have been widely attributed to Iran. This move intensifies tensions in the region, potentially impacting global oil supplies and prices. The decision underscores the US's response to what it views as destabilizing actions by Iran, signaling a tougher stance amid ongoing geopolitical friction. This could lead to further economic and political consequences for both nations and global markets.