The Iranian Revolutionary Guard detaining the Stena Impero in July. Photo: Hasan Shirvani/Mizan News Agency/AFP/Getty Images

Iran's government announced Monday that it would release the British-flagged oil tanker Stena Impero, which it seized in July, reports the New York Times.

Why it matters: The decision ends a 2-month standoff between Tehran and London over detained vessels and maritime law, but Iran still faces increased tensions with its Persian Gulf neighbors and the U.S. and its allies — including the U.K.

Context: The U.K. seized an Iranian oil tanker off the coast on Gibraltar early in July, and Iran reacted by confiscating the Stena Impero and accusing it of violating maritime regulations in the Strait of Hormuz.

The big picture: Tensions still remain between the U.K. and Iran. British Prime Minister Boris Johnson blamed Iran Monday for this month's attack on Saudi Arabian oil facilities and did not rule out military intervention against Iran.

  • Johnson also said he would meet Iranian President Hassan Rouhani at this week's United Nations General Assembly in New York.

Go deeper: Iran to Western powers: "A limited aggression will not remain limited"

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Americans reflect on Independence Day amid racism reckoning

A Black Lives Matter banner and a United States flag on the facade of the U.S. embassy building in Seoul, South Korea. Photo: Simon Shin/SOPA Images/LightRocket via Getty Images

America's leaders are rethinking how they view Independence Day, as the country reckons with the historic, unequal treatment of people of color during a pandemic which has disproportionately affected nonwhite Americans.

Why it matters: The country’s legacy of racism has come into sharp focus in the weeks of protests following the death of George Floyd while in Minneapolis police custody. From Confederate statues to Mount Rushmore, Americans are reexamining the symbols and traditions they elevate and the history behind them.

Updated 10 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 11,031,905 — Total deaths: 523,777 — Total recoveries — 5,834,337Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 2,788,395 — Total deaths: 129,306 — Total recoveries: 790,404 — Total tested: 34,213,497Map.
  3. States: ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: The states where face coverings are mandatory Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  5. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
12 hours ago - Sports

Washington Redskins to review team name amid public pressure

Photo: Patrick McDermott/Getty Images

The Washington Redskins have announced they will be conducting a review of the team's name after mounting pressure from the public and corporate sponsors.

Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.