US Blocks Oil Sales in New Test of Ceasefire

AI Summary

The US conducted strikes in Iran targeting over 80 sites and revoked a waiver allowing new Iranian oil sales, complicating prospects for a ceasefire and escalating regional tensions following attacks on ships in the Strait of Hormuz. This action further jeopardizes peace efforts in the area.

The US carried out a new round of strikes in Iran targeting more than 80 sites and revoked a waiver allowing new sales of Iranian oil, further imperiling a peace agreement after a series of attacks on ships in the Strait of Hormuz. (Source: Bloomberg)