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he United ‌States on Tuesday re-imposed sanctions on Iranian oil, as a U.S. official warned that Iran's attacks on vessels in the Strait of Hormuz were "wholly unacceptable" and would be met with consequences.
Oil prices were up more than 5% following the announcement. The U.S. Treasury had ​authorized last month Iran oil sales until August 21 as part of the fragile agreement ​between Tehran and Washington. Tuesday's revocation cuts that wind-down period to an end date ⁠of July 17.


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