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US claws back key concession to Iran after fresh attacks on commercial ships in Strait of Hormuz

The U.S. is clawing back oil sanctions waivers offered to Iran as part of a framework deal that kicked off a two-month negotiating period after Iran attacked commercial vessels in the Strait of Hormuz Monday and Tuesday. A U.S. official confirmed that three commercial vessels were struck by Iran in the Strait of Hormuz between Monday and Tuesday, reigniting tensions after President Donald Trump said the U.S. had given Tehran "a week off" during funeral ceremonies for slain Supreme Leader Ali Khamenei."As President Trump and the administration have repeatedly affirmed, the MOU in effect with Ir...