U.S. Sanctions Two "Insurers" for Handling Iran's Hormuz Transit Fees

US issues sanctions targeting support networks for Irans Mahan Air - The Tribune

The US Treasury Department sanctioned six entities and individuals across China, India, Russia, and Iran for aiding Mahan Air and the IRGC. US Treasury Secretary Scott Bessent warned that supporters are helping sustain a terrorist enterprise, targeting firms involved in an IRGC-backed Strait of Hormuz maritime insurance extortion scheme.

OFAC targets Iran’s ‘extortion’ insurance scheme in Hormuz

US sanctions two Iranian marine insurance companies accused of forcing ships transiting the Strait of Hormuz to buy IRGC-backed cover.

U.S. sanctions Iranian maritime firm over Bitcoin payments

The U.S. Treasury sanctioned HormuzSafe and another Iranian insurer, alleging Bitcoin payments helped evade restrictions and fund the IRGC.

US Sanctions Iran-Linked HormuzSafe, Cites Bitcoin Payments

The US Treasury sanctioned two Iranian maritime firms, alleging HormuzSafe accepted Bitcoin and other crypto to evade sanctions and fund the IRGC.

Beyond the Gulf: Iran's ambitious strategy for a new regional order

To protect its leverage over the Strait of Hormuz, Tehran is actively thwarting alternative energy corridors and deepening its foothold in Lebanon and Iraq by mobilizing its militia proxy network

U.S. Sanctions Two "Insurers" for Handling Iran's Hormuz Transit Fees

The U.S. government has released a new round of sanctions targeting Iran's attempt to set up a transit fee structure for the Strait of Hormuz. In a st...