What is the current status of the Trump-Iran truce (MOU) after renewed strikes and oil sanctions?

The memorandum of understanding (MOU) reached in June is in limbo—'not officially dead, but showing few signs of life'; Trump declared it 'over' on Wednesday, yet it hasn't been formally scrapped and some stipulations are still being observed, while experts describe it as 'unraveling' or 'dead' as currently written.

Why did the US revoke the waiver on Iranian oil sanctions, and what was the immediate consequence?

The US Treasury revoked the waiver on sanctioned Iranian oil on Tuesday in response to attacks on ships in the Strait of Hormuz; this move undercut US leverage in negotiations, according to Brett Erickson of Obsidian Risk Advisors.

Trump’s Iran Truce Stalls After Renewed Strikes and Oil Sanctions

Jul 9, 2026

Renewed US strikes and reimposed oil sanctions have stalled a truce with Iran, causing oil prices to jump and threatening Strait of Hormuz traffic. President Trump declared the deal over while facing domestic pressure over rising gasoline costs ahead of midterm elections.

bloomberg

2026-06-03

Republican-Led House Votes to Stop Iran War, Rebuking Trump

2026-06-04

House approves war powers resolution to halt military action against Iran in a rebuke of Trump

2026-07-09

Trump’s Iran Truce Stalls After Renewed Strikes and Oil Sanctions

2026-08-02

Trump Halts Iran Strikes Pending Hormuz Strait Deal

2026-08-03

Trump Halts Planned Iran Strikes Following Urging from Gulf Allies