U.S. Strikes Hit Iranian Military Sites as Ceasefire Ends

U.S. Central Command said American forces carried out additional strikes on Iranian military command centers and air defense systems. The Wall Street Journal reported that Iran exported approximately 70 million barrels of oil valued at $5-6 billion while the short truce with the United States was in effect.

On June 22 the Treasury Department's Office of Foreign Assets Control issued a general license permitting the production, supply, and sale of Iranian oil and petroleum products.

The Treasury Department terminated that general license on July 7, ending the temporary easing of sanctions that had been scheduled to run until August 21. The Strait of Hormuz remains closed to new vessel traffic as long as U.S. strikes continue, Iranian state media reported.

Mediators presented both sides with a 10-day ceasefire plan, Axios reported, though neither Washington nor Tehran has accepted the proposal. U.S. intelligence assessments indicate the strikes have not altered Iran's negotiating stance and that the two countries remain in an indefinite state between peace and war, according to media accounts.