Hormuz Sanctions Restored

U.S. Central CommandCentral Commandtheater-level Unified Combatant Command of the U.S. Department of Defense responsible for the broader Middle East said it launched a series of strikes against Iran on Tuesday in retaliation for attacks on three commercial vessels transiting the Strait of Hormuz. Maritime authorities said one tanker caught fire less than 10 miles east of Limah, Oman, after being hit by an unidentified projectile, while U.S. officials blamed Iran’s Islamic Revolutionary Guard Corps for targeting the vessels. The Treasury Department revoked General License X, a waiver permitting Iranian oil sales under an interim U.S.-Iran deal. Oil prices rose after the ship attacks and U.S. response.