The Trump administration is imposing fresh sanctions on Iran following the attacks on commercial ships in the Strait of Hormuz earlier this week. The sanctions are the latest in a string of retaliatory actions by the administration for the Iranian attacks. Earlier this week, the U.S. carried out days of bombing on Iranian targets and rescinded a waiver to allow Iran to sell its oil without sanctions. President Trump has said the U.S.-Iran memorandum of understanding is over. However, he also said that talks with Tehran would continue.
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