WASHINGTON, May 28 - The U.S. said on Thursday it has imposed new sanctions on Iran's military oil trade, even as Washington and Tehran reached a tentative agreement to extend their ceasefire and lift restrictions on…
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WASHINGTON, May 28 - The U.S. said on Thursday it has imposed new sanctions on Iran's military oil trade, even as Washington and Tehran reached a tentative agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz.
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The U.S. military carried out another round of strikes on Iran, a U.S. official confirmed to CBS News on Wednesday, another challenge to a shaky ceasefire between the two countries.
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Global oil prices have retreated sharply amid hopes that a lasting Middle East ceasefire can unlock the Strait of Hormuz.
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