Iran vows 'necessary measures' after US revokes oil sanction waiver

Iran's Ministry of Foreign Affairs strongly condemned the U.S. Treasury's decision to revoke a waiver on sanctions against Iranian oil sales, according to a statement released on July 8. The ministry asserted that the U.S. action is a serious violation of Article 10 of the Islamabad Armistice Memorandum of Understanding, which was signed on June 18, and that the U.S. must bear full responsibility for the consequences. Tehran argued that Washington's cancellation of a related permit, originally issued on June 21, less than 20 days after the agreement, demonstrates a lack of good faith, policy instability, and untrustworthiness. The statement also accused the U.S. of violating the memorandum multiple times over the past 20 days, both directly and through Israel's military actions related to Lebanon. Iran has faithfully fulfilled its obligations under the agreement, the ministry said, warning that it will take all necessary measures to safeguard its national interests and security if the U.S. continues to breach the deal.