US imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz
The agency approved transit fees of up to $2 million per vessel as Washington seeks to cut off Iran’s oil revenue.
- On Wednesday, President Donald Trump's administration sanctioned Iran's Persian Gulf Strait Authority, the agency controlling shipping through the Strait of Hormuz and charging tolls reaching $2 million per vessel.
- Treasury Secretary Scott Bessent stated the move counters Iranian attempts to extort global maritime trade, claiming the "Economic Fury" campaign has left the regime desperate for cash.
- Trump said Wednesday that Iran is "negotiating on fumes," even as U.S. forces carried out defensive strikes against missile launch sites and boats placing mines in the region.
- Rising energy prices and costs from the effective closure of the waterway have heaped political pressure on Republicans ahead of the midterm congressional elections.
- Although Trump claims a deal is imminent, he warned at a Cabinet meeting that the U.S. will "have to just finish the job" if negotiations fail.
42 Articles
42 Articles
US adds Persian Gulf Strait Authority to sanctions list, Treasury website shows
The US has imposed new Iran sanctions, targeting the Persian Gulf Strait Authority, responsible for managing passage through the vital Strait of Hormuz. This move comes as Iran's control over the waterway, crucial for global oil, has caused economic instability. The authority recently asserted Tehran's territorial claims in the region.
US expands Iran sanctions targeting maritime authority amid Strait of Hormuz crisis
The Trump administration imposed new sanctions on Iran targeting a newly formed agency overseeing shipping in the Strait of Hormuz, escalating economic pressure during the war as talks continue; Energy shocks mount as Trump claims a deal is near
U.S. imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz
The Trump administration on Wednesday placed additional sanctions on Iran as part of a sprawling economic pressure campaign during the war, this time targeting the country’s newly created agency that is trying to control shipping through the Strait of Hormuz.
Associated Press News
US imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz
The Trump administration has placed additional sanctions on Iran as part of a sprawling economic pressure campaign during the war, this time targeting the country’s newly created agency that is trying to control shipping through the Strait of Hormuz.
US Imposes Sanctions on Iranian Agency Trying to Control Strait of ...
US Treasury sanctions Iranian authorities overseeing Strait of Hormuz
US treasury secretary Scott Bessent said the maritime fees ‘may be providing support to and receiving services from’ Iran’s Revolutionary Guards. (EPA Images pic) WASHINGTON: The US Treasury announced sanctions Wednesday against Iran’s Persian Gulf Strait Authority, Tehran’s new agency that collects fees for traveling through the strategic Strait of Hormuz. “The Iranian military’s latest attempt to extort global maritime trade is proof that Econ…
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