The Trump administration revoked temporary waivers allowing Iran to sell oil. This decision follows recent Iranian attacks on ships in the Strait of Hormuz. The Department of Treasury announced the revocation of these waivers. These waivers were issued less than three weeks prior as part of a memorandum of understanding with Iran. A U.S. official stated the revocation is due to Iran's actions, which are unacceptable to the United States. The general license authorizing Iranian oil sales has been rescinded by the Office of Foreign Assets Control. The administration views the MOU as performance-based, with benefits contingent on Iran's behavior. Iran's Foreign Ministry claims they are diligently fulfilling their commitments under the MOU. They warned commercial vessels using uncoordinated routes or tampering with tracking systems face risks. Iran urged regional countries and shipping companies to avoid actions contradicting the MOU.