Iranian Oil

A crowd of mourners gathered around an vehicle carrying the coffin of Iran’s late Supreme Leader Ali Khamenei during the funeral procession Wednesday from Iran to Najaf, Iraq. The funeral convoys bearing Khamenei’s coffin will pass through the holy Iraqi cities of Najaf and Karbala amid renewed U.S. military strikes on Iran. Photo by Behnam Tofighi/UPI | License Photo

July 8 (UPI) — The U.S. military resumed attacks against Iran on Wednesday afternoon “to further degrade their ability to threaten freedom of navigation in the Strait of Hormuz,” U.S. Central Command said.

“The United States is holding Iran accountable for recent unjustified aggression against commercial shipping and civilian crews freely navigating a vital international waterway,” the statement continued.

U.S. President Donald Trump, speaking at a news conference at the end of the NATO summit in Ankara, Turkey, said the United States would resume its naval blockade of Iran. He said further negotiations were “a waste of time” and added “Let’s just finish the job.”

Trump had earlier characterized the resumed strikes as “a little warning,” and said, “We’re going to hit them hard tonight, but we’ll see how it all works out.”

Iranian media reported explosions in the cities of Bandar Abbas and Sirik, which the United States also struck Tuesday, and in the cities of Chabahar and Konarak on Iran’s southern coast. Sources said Iran’s Bushehr nuclear power plant did not sustain any damage.

U.S. Defense Secretary Pete Hegseth said Wednesday that the Pentagon would strike Iran “even more and even deeper” if Trump said the word.

Earlier Wednesday, Trump called Iran’s leaders “scum” and “vicious, violent people.”

Iranian Foreign Minister Abbas Araghchi said that addressing Iran with “derogatory language” does not diminish it.

“Iranians are known for their civility, culture and strong moral values,” he said in a social media post. “We do not answer vulgarity with vulgarity, but with action: fearlessly and with great valor.”

Tuesday’s attacks lasted about four hours and struck more than 80 targets, U.S. Central Command said. The attacks came after Iran attacked three commercial ships in the Strait of Hormuz.

The United States also reimposed sanctions on Iranian oil sales in retaliation for the attacks. Iran said the sanctions were “in clear violation” of the memorandum of understanding to end the conflict between Iran and the United States that was signed in June.

July 7 (UPI) — The U.S. military said late Tuesday that it struck dozens of targets in Iran in response to Iran attacking three ships in the Strait of Hormuz.

The attacks were “to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway,” U.S. Central Command said in a social media post. “Iran’s demonstrated aggression was unwarranted, dangerous and a clear violation of the cease-fire.”

It announced the end of the offensive hours later, saying more than 80 targets were hit with precision munitions, including air defense systems, command-and-control networks, coastal radar sites and more than 60 small boats of the Islamic Revolutionary Guard Corps used to attack commercial vessels transiting the strait.

“The unwarranted aggression by Iranian forces is a clear and dangerous violation of the cease-fire and undermines freedom of navigation,” CENTCOM said in a statement.

“CENTCOM forces remain postured and prepared to hold Iran accountable when the agreement is not adhered to or obeyed by.”

The attack comes amid seemingly stalled negotiations between Iran and the United States on implementing a previously agreed to memorandum of understanding that could pave the way to ending the war.

The Strait of Hormuz, however, has been a sticking point. Washington is seeking freedom of navigation, while Iran is attempting to hold onto control of the important energy shipping route that it seized in late February with a military blockade in response to the U.S.-Israel attack that started the war.

After the three commercial vessels were struck in the Strait of Hormuz, the United States also reimposed sanctions on Iranian oil sales in retaliation for the attacks. The Treasury Department revoked waivers allowing Iran to sell oil and petrochemicals, CBS News reported.

Iran said the sanctions were “in clear violation” of the memorandum of understanding to end the conflict between Iran and the United States that was signed in June. Iran’s Foreign Ministry said it “holds the U.S. government responsible for this breach of commitment,” CNN reported.

The ministry said the United States “has repeatedly committed both minor and major violations of various provisions of the” agreement over the past 20 days.

Following the completion of the U.S. strikes, Iranian Parliament Speaker Mohammad Bagher Ghalibaf accused the Trump administration of committing “major MOU violations,” including its adjustments in the strait, making threats, reinstating sanctions and attacking Iran.

“The era of bullying and extortion is over,” he said in an online statement.

“It leads nowhere. We don’t fold.”

Iranian state media earlier reported explosions in Bandar Abbas and Sirik. Iran had previously warned the United States and Israel not to launch any strikes during the funeral for Ayatollah Ali Khamenei, who was killed by U.S. attacks in February. The funeral is expected to last throughout this week.

The earlier strikes by Iran were on tankers that were allegedly trying to travel the strait by a route Iran has warned against, CBS News reported. While Iran did not claim the attacks, state media said at least one ship ignored warnings.

U.S. President Donald Trump is in Ankara, Turkey, for a NATO summit, during which attendees were expected to discuss the Strait of Hormuz.

June 23 (UPI) — President Donald Trump lifted sanctions on Iran releasing millions into the Iranian economy Monday,

allowing American dollar trade for the first time since 1979.

The U.S. Treasury on Monday issued a 60-day exemption allowing Iran to produce and sell crude oil, petrochemical and petroleum products in U.S. dollars through Aug. 21.

Under this general license, boats and entities that were sanctioned are also cleared to operate. The waiver could also open up allowing U.S. imports of Iranian oil, which hasn’t happened since the 1990s.

Trump defended the move on Truth Social Tuesday morning, saying that the money to Iran is to be used for food and supplies purchased from the United States.

“Despite their protestations and false statements to the contrary, coupled with the drumbeat of the Fake News, which is doing everything possible to make the U.S. Victory as small and insignificant as possible, Iran has fully and completely agreed to highest level Nuclear inspections long into the future (Infinity!!!). This will insure ‘Nuclear Honesty.’ If they did not agree to this, there would be no further negotiations!” the president posted.

“Based on this and other major concessions being made by Iran, I have agreed to allow the Hormuz Strait to remain OPEN, with no further Naval Blockade. However, all ships are remaining in place should it be necessary to reinstitute the Blockade, which seems, at this point, highly unlikely. The Money and/or Sanctions that the U.S. Treasury is releasing goes into escrow, controlled by the U.S.A., and will be used for the purchase of food and medical supplies, exclusively from the United States, including Corn, Wheat, and Soybeans from our great American Farmers. These are things that are desperately needed by Iran. This is a humanitarian crisis, and I feel it is necessary to help, NOW, before it is too late. Talks are going well!” he said.

Vice President JD Vance said Monday that during peace talks on Sunday, Iran agreed to invite the International Atomic Energy Agency back into the country for inspections.

But Iran denied that concession Tuesday morning.