US imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz
Treasury said the agency and its partners could face sanctions for paying tolls of up to $2 million per vessel.
- 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.
134 Articles
134 Articles
Iranian Parliament Security Committee Spokesperson: Permission and Fees Must Be Paid for Passage in Hormuz. Ebrahim Rezai, a member of the National Security and Foreign Policy Committee of the Iranian Parliament (Majlis), asserted Iran's control over the Strait of Hormuz and demanded transit fees from other countries. Rezai argued that Iran possesses highly enriched uranium.
(Seoul = Yonhap News) Reporter Kang Hoon-sang = Ebrahim Rezai, spokesperson for the National Security and Foreign Policy Committee of the Iranian Parliament (Majlis), stated that Iran's strong ... regarding the Strait of Hormuz
US Slaps Sanctions on Iran’s New Agency Tasked with Collecting Tolls in the Strait of Hormuz
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. The Treasury Department has sanctioned Iran’s Persian Gulf Strait Authority, the agency Tehran created to control shipping through the Strait of Hormuz and charge vessels tolls as hi…
Iranian agency was reportedly controlling the Strait of Hormuz, Trump brought in a sanction and spun it as a win for 'Economic Fury'
The Treasury Department announced new sanctions targeting an Iranian agency that is attempting to exert control over the Strait of Hormuz, The Hill reports. The agency in question, the Persian Gulf Strait Authority, was formed by the Iranian government earlier this month. Its stated goal is to manage the passageway, but the United States government views this as a blatant attempt by the Islamic Revolutionary Guard Corps to monetize its campaign …
Today's key news items include: 1) President Trump said the Strait of Hormuz will be open to everyone because it is international waters, and the United States will monitor the strait but will not allow anyone to control it. 2) The U.S. State Department said Thursday that the U.S. will increase aid to the Democratic Republic of Congo and Uganda by $80 million, bringing the total to over $112 million. 3) The U.S. Treasury Department announced san…
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