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.
133 Articles
133 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
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…
US sanctions Iran’s new Strait of Hormuz authority
Around 140 countries have backed a United Nations Security Council resolution noting the strait is considered an international waterway and demanding Iran open it back up for free and safe passage. By Mike Wagenheim, JNS The Trump administration imposed sanctions on Wednesday on Iran’s newly created Persian Gulf Strait Authority, accusing it of helping the Islamic Revolutionary Guard Corps extort commercial shipping through the Strait of Hormuz.…
US Sanctions Iran's Hormuz Authority
The United States has imposed sanctions on the Persian Gulf Strait Authority (PGSA), an Iranian entity seeking to “monetize its campaign of state-sponsored terror by extorting vessels transiting the Strait of Hormuz.” According to the Treasury Department, Iran’s Islamic Revolutionary Guard Corps (IRGC) uses PGSA to spearhead “an Iranian-controlled scheme that flagrantly violates international law and U.S. sanctions.” The department warned, “Anyo…
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