US Treasury Ends Brief Sanctions Relief on Iranian Crude Oil Sales

The United States Treasury Department revoked the general license permitting sales of Iranian crude oil on Tuesday, marking the end of the shortest-lived sanctions relief since the ceasefire era, according to FX Street.

This move came just 19 days after the license was granted and followed incidents where three tankers were struck in the Strait of Hormuz hours earlier. The revocation signals a tightening of US sanctions policy amid ongoing regional tensions.

For Japanese markets, this development could add volatility to crude oil supply expectations, impacting energy prices and FX markets sensitive to Middle Eastern geopolitical risks.