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The us will not extend a waiver allowing iranian oil sales past april 19, warning banks of sanctions as it intensifies pressure on tehran amid rising tensions and a hormuz blockade. The us lets a key iran oil waiver expire as trump ramps up pressure with a naval blockade in the strait of hormuz, raising concerns over global oil supply and prices.

Opeen Jan 01, 2026

Trump aims to cut off iran’s oil revenue and force acceptance of u.s. In a twist of wartime irony, the united states has moved to ease sanctions on iranian oil to cool surging energy prices, a potential boon for tehran. And iranian negotiators that ended without progress.

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And iran is holding, and it’s still possible both sides could reach a deal, but the strait of hormuz remains effectively closed;

Oil prices climbed monday, after the us military said it would implement a shipping blockade against iranian ports in the strait of hormuz — a move that could test the current ceasefire while.

The blockade follows weekend talks between u.s. Moves to blockade iran, and let a russian oil waiver lapse, squeeze india’s energy supplies, exposing its vulnerability under rising u.s.