The US on Tuesday revoked with immediate effect the oil sanctions waiver given to Iran, under which US sanctions were not imposed on energy purchases from Iran. This step has been taken weeks after new attacks on Iran in response to attacks on commercial ships in the Strait of Hormuz and after the ceasefire was agreed upon under the MoU between the two countries.

The US Finance Ministry announced this decision on the same day the US military resumed attacks on Iran. The Donald Trump administration said that this action was taken with the aim of punishing Tehran for attacking three commercial ships passing through the Strait of Hormuz.

US Central Command forces have begun launching a series of powerful strikes against Iran to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway. The US strikes are in response to Iranian attacks on three…

— US Central Command (@CENTCOM) July 7, 2026

Also read- Trump angry over attack on 3 ships in Hormuz, America carried out air strikes on Iran, bombed Bandar Abbas

What did America say on withdrawing the license from Iran?

Announcing the cancellation of Iran’s licenses, a US official said, ‘As President Trump and the administration have repeatedly reiterated, the agreement implemented with Iran is entirely performance-based. Iran will benefit from this only if it behaves well.

Iran got exemption till August 21

Let us tell you that under the agreement between America and Iran, the Trump administration had given this exemption to Iran at the end of June, which was to be applicable till August 21 i.e. for 60 days.

America condemned Iran

Earlier, Centcom condemned Iran’s action, calling it ‘inappropriate’ and ‘dangerous’. He even termed Iran’s action as a ‘ceasefire violation’. “This aggression by Iran is unjustified, dangerous and a clear violation of the ceasefire,” CENTCOM said in a post.

The exemption given to Iran was beneficial for India

One of the ships targeted by Iran was the Qatari ship Al-Reqayyat, which was reportedly carrying energy materials to India. The general license, which was expected to remain in effect until August 21 before being revoked, was considered particularly beneficial for countries like India, which had significant energy trade with Iran before US sanctions were imposed.

Also read- Big update on drone attack near Hormuz! Four Indians were aboard the Gujarat-bound LNG ship.

Pakistan PM Shahbaz Sharif has given a big statement regarding the war that has been going on between Iran and America for more than two months. He said on Saturday that after more than three months of war, America and Iran have agreed on a framework for a peace agreement. It is expected that the preliminary agreement will be signed within 24 hours.

Pakistan is preparing for electronic signature in the role of mediation. Only after this there will be technical level talks in the coming weeks. America and Iran had signaled on Friday that an agreement to end their war is very close. A senior US official said that both sides have agreed on a draft. Washington hopes that a preliminary agreement will be signed in the coming days. In such a situation, we are telling you what is included in the agreement between these two parties?

What came out of the agreement between both the parties?

Iran’s Foreign Minister Abbas Araghchi informed on Friday that changes in the agreement are still possible. But the temporary agreement that has been reached shows that their country has emerged stronger from this conflict. He told that Iran is the winner.

Read this also: ‘Iran had attacked the Indian ship with a drone’, Donald Trump’s big claim, Tehran rejected

Sources from all parties involved in the talks said that in the proposed agreement, an agreement can be reached on reopening the Strait of Hormuz. There has been talk of lifting the US Navy blockade on Iranian ports. Talks on Iran’s nuclear program will take place after this. A US official told Reuters on condition of anonymity that the agreement fulfills Trump’s main goals. Brings the conversation into great shape.

In exchange for Iran opening the Strait of Hormuz, the US will start releasing Iran’s frozen assets worth billions of dollars. Will remove restrictions on its oil exports. Iran’s nuclear program will be discussed during 60 days of talks. With this agreement, Iran’s nuclear program will finally end. Its stockpile of highly enriched uranium will be destroyed and removed.

Sources said the proposals discussed possible war damages for Tehran. This also includes abandoning the US’s long-standing demands to set limits on Iran’s missile program.

Also read: What issues were agreed upon in the deal between Iran and America? Donald Trump said this about nuclear weapons

India has seized three oil tankers belonging to Iran this month. According to the report of news agency Reuters, India has also tightened surveillance in its maritime area to stop illegal oil trade. However, National Iranian Oil Company has said that these three ships have no connection with its company. According to sources, the names of the three ships which were stopped are Stellar Ruby, Asphalt Star and Al Jafzia. It was told that these ships used to repeatedly change their name and information to hide their identity, so that they could avoid the attention of coastal agencies. The owners of these ships are located abroad.

Indian officials had informed about the stopping of these ships in a post on social media platform X on February 6, which was later removed. According to sources, after a suspicious activity was detected about 100 nautical miles west of Mumbai, these ships were stopped and brought to Mumbai for further investigation. The source said India wants to ensure that its maritime domain is not used to hide the true origin of oil through ship-to-ship transfer. Such transfers are often used to evade sanctions and complicate the tracking of cargo.

America tariff reduction

This action has taken place at a time when relations between India and America have strengthened in recent times. This month, Washington had announced that after India agreed to stop Russian oil imports, the import duty on Indian goods would be reduced from 50 percent to 18 percent. The Office of Foreign Assets Control, which operates under the US Treasury Department, last year imposed sanctions on three ships, Global Peace, Chill 1 and Glory Star 1. Their International Maritime Organization (IMO) numbers are said to match those of the ships recently seized by India.

Two out of three tankers are linked to Iran

According to LSEG, a company providing shipping data, two of the three seized tankers were linked to Iran. Al Jafzia was carrying fuel oil from Iran to Djibouti in the year 2025, while the Stellar Ruby was carrying the Iranian flag. Asphalt Star operates primarily on sea routes around China. After the seizure of the ships, the Indian Coast Guard has increased surveillance. Now about 55 ships and 10 to 12 aircraft are monitoring India’s maritime zone round the clock.