Iran sanctions impact economy amid Strait of Hormuz tensions. Oil flows, trade shifts, and rising prices reshape global markets in 2026.
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The resumption of hostilities follows recent shifts in U.S. sanctions policy toward Iran, including a June 2026 memorandum of understanding (MoU) and OFAC's issuance of General License X (GL X), which temporarily authorized certain transactions involving Iranian-origin oil and petroleum products.
On July 7, 2026, OFAC revoked those authorizations through General License X1 (GL X1) and ...
Iran's crude exports have traced one of the more dramatic arcs in oil markets. This week's chart maps that journey from the promise of the 2015 nuclear deal to the collapse that followed and the tentative signs of recovery now emerging in the latest data from June 2026.
The cease-fire agreement that Iran and the United States agreed to last month set a 60-day deadline for brokering a final peace deal, including the thorny issues of limits on Iran's nuclear ...
Reflecting on the US-Iran Peace Agreement of 2026: Diplomacy, Coercion, and the Architecture of a Fragile Settlement Dr Mohamed Chtatou The June 2026 memorandum of understanding (MOU) between the ...