The United States has canceled the sanctions relief on Iranian oil that was agreed under the memorandum of understanding (MOU), following the recent incidents in the Strait of Hormuz, according to reports. The move reverses a key component of the emerging deal.
The United States has revoked the specific oil sanctions relief that was agreed under the bilateral memorandum of understanding (MOU) with Iran, following the recent incidents in the Strait of Hormuz, according to reports circulating Tuesday evening. This update, reported minutes after The Zioneer's 22:00 Jerusalem bulletin that the US had renewed sanctions on Iranian oil, identifies the target of the renewal as the relief that had been previously granted under the MOU.
The Zioneer's thread on this story began at 21:51 Jerusalem, when N12 journalist Tomer Almagor reported that the US had canceled the sanctions relief. Within minutes, a US official confirmed to Reuters that the licenses for Iranian oil exports had been revoked. By 21:51, The Zioneer had published nine versions of the story, tracking the confirmation from multiple sources including i24NEWS and a US official on record. The MOU itself was first reported by The Wall Street Journal on June 16, and later detailed in a leaked Bloomberg memo on June 17, showing the scope of the concessions.
The MOU, which The Zioneer reported on June 16, was expected to include immediate oil and fuel sanctions relief in exchange for Iranian commitments on the Strait of Hormuz and nuclear non-proliferation. The incidents in Hormuz—reported attacks on vessels—appear to have prompted the reversal. The Zioneer has also reported on the broader US-Iran escalation, including the collapse of the MOU over a Lebanon ceasefire clause on June 28.
No official confirmation from the US administration or Iranian authorities has been issued for this latest report. The status of the broader MOU negotiations remains unclear.
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