Energy & Environment — U.S. moves to reimpose sanctions after Iran strikes

View Online Energy & Environment Energy & Environment The Big Story  US revokes order lifting sanctions on Iran oil The Trump administration on Tuesday revoked a sanctions waiver that had allowed the sale of Iranian oil and petrochemicals. © Vahid Salemi, Associated Press The revocation comes after Iran reportedly struck three ships near the Strait of Hormuz, a key oil shipping waterway.   The new document from the Treasury Department says that transactions that were authorized under its previous sanctions waiver would have to wind down by July 17. The waiver it previously issued would have allowed sales of Iranian oil through Aug. 21.    The original sanctions waiver was part of a ceasefire memorandum of understanding (MOU) between the U.S. and Iran after months of war. Asked about the decision, a U.S. official told The Hill that the MOU is “performance-based” and that Iran would only benefit if it shows good behavior. The official said that Tehran’s actions were unacceptable, and that reimposing sanctions was the consequence.   However, they added that negotiators are continuing to work toward a final agreement.    Read more at TheHill.com. Welcome to The Hill’s Energy & Environment newsletter, I’m Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads  How policy will affect the energy and environment sectors now and in the future: US military strikes Iran after Tehran hits 3 tankers in Strait of Hormuz The U.S. military began launching a series of “powerful” strikes against targets in Iran after Tehran attacked at least three commercial vessels that were transiting the Strait of Hormuz, the U.S. Central Command (Centcom) announced on social media Tuesday evening.   Full Story Trump administration eyes offshore space launches The Trump administration is considering allowing space launches and re-entry off U.S. coasts, according to a notice published Tuesday.  Full Story Top White House environment adviser departs administration Katherine Scarlett, a top environmental policy adviser in the Trump White House, has departed, an official confirmed to The Hill.  Full Story What We’re Reading  News we’ve flagged from other outlets touching on energy issues, the environment and other topics: ‘Can you help us?’: US oil execs turn to Trump to topple Europe's climate rules (Politico) Sherrill signs three bills to lower NJ electricity costs (New Jersey Monitor) What Others are Reading  Two key stories on The Hill right now: McConnell spoke to GOP leaders amid uncertainty about his Senate return Sen. Mitch McConnell (R-Ky.), who has been hospitalized since June 14, spoke to Senate Republican leaders on Monday and Tuesday amid growing speculation about whether he will return to the Senate before the end of the year. Read more White House on Balogun birthright citizenship: ‘Asinine observation’ White House deputy press secretary Kush Desai on Monday dismissed the irony of President Trump advocating for FIFA to overturn the suspension of U.S. soccer player Folarin Balogun, given the 25-year-old would not be able to compete for the U.S. men’s team without birthright citizenship. Read more   You’re all caught up. See you tomorrow!  Check out The Hill's Energy & Environment page for the latest coverage. Like this newsletter? Take a moment to view our other topical products here 📩 Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  400 N Capitol Street NW Suite 650, Washington, DC 20001 Copyright © 1998 - 2026 Nexstar Media Inc. | All Rights Reserved.

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