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USA stop oil sales from Iran

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New rules for oil

The USA punishes Iran. They forbid the sale of oil. Two weeks ago this was allowed. Now the USA takes back the permission. The finance ministry in Washington says this.

Attacks on ships

People attacked ships at sea. The ships sailed through the Strait of Hormuz. This is an important sea route. Unknown people shot 3 tankers there. A tanker with gas from Qatar caught fire.

Oil prices rise

Iran says: We are not guilty. But the USA does not believe this. Because of the new bans the oil price rises. Oil costs over 3 percent more now. Experts at the stock market notice this immediately.

Talks continue

The USA and Iran keep talking. They want a deal. Iran must not build atomic weapons. In return Iran can do more trade. The situation remains very difficult.

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Definitions

Sanction
A sanction is a punishment. It means: A country cannot sell goods to another country.
Tanker
A tanker is a very big ship. It carries liquids like oil or gas over the sea.
Atomic weapons
These are dangerous weapons. They use special energy.

Locations

Strait of Hormuz
The Strait of Hormuz is a sea lane between Iran and Oman. It is important for the transport of oil.
Iran
Iran is a country in West Asia. It has much oil and gas.
USA
The USA is a large country in North America.

Sources

Logo Bild
Bild

USA setzen Ölsanktionen gegen Iran wieder in Kraft

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Logo VOL
VOL

USA widerrufen Lizenz für iranische Ölexporte

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Logo Kurier
Kurier

Ölpreise steigen: USA widerrufen Lizenz für iranische Ölexporte

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