US Plans Expiration of Iran Oil Sanctions Waiver for India Amid Verified Strait of Hormuz Blockade
40A blockade in the Strait of Hormuz by Iran is verified across multiple sources, while the US intends to allow a sanctions waiver for Indian imports of Iranian oil to expire. Reports of ships U-turning and potential pauses in shipments remain unverified, and claims of US-Iran ceasefire talks are disputed. The development occurs against a backdrop of global oil flow risks through the strait.