The U.S. military has resumed strikes on Iran and imposed oil sanctions.

U.S. Central Command (CENTCOM) said U.S. Central Command forces have launched a series of powerful strikes against Iran in response to Tehran’s targeting and attacks on commercial shipping operated by civilian crews in international waterways. CENTCOM stated the strikes are in response to Iran’s assaults on three merchant vessels transiting the Strait of Hormuz, calling Iran’s aggressive actions "unjustified, dangerous" and "a clear violation of the ceasefire agreement." U.S. officials noted the strikes are "punitive actions, not reciprocal responses," adding the operations "will not end in the short term." Meanwhile, the U.S. revoked a general license authorizing Iranian oil sales, with related wind-down transactions allowed to continue until 00:00 Eastern Time on July 17. In response, international oil prices rose immediately. U.S. Treasury Secretary Scott Bessent announced on June 22 that, as part of the U.S.-Iran negotiation framework, the U.S. Treasury Department issued a 60-day general license authorizing the production, delivery and sale of Iranian oil. Per a notice released that day by the Treasury’s Office of Foreign Assets Control (OFAC), transactions involving Iranian crude oil, petrochemicals and petroleum products—previously prohibited under multiple U.S. executive orders and regulations—were exempted through August 21, 2026.