U.S. sanctions Iran's Persian Gulf Strait Authority
The Trump administration imposed additional sanctions targeting Iran's newly created Persian Gulf Strait Authority and any person or entity cooperating with it, part of a broader economic pressure campaign during the war. The agency approves transit and charges tolls that could reach as high as $2 million per vessel, Treasury Secretary Scott Bessent said. Iran's Revolutionary Guard defends a designated corridor and warns of attacks on ships that deviate. The strait's effective closure has caused worldwide energy shocks and price spikes, while U.S. blockades and ongoing diplomacy aim to force a deal to reopen the waterway.
Sanctions target authority charging up to $2 million per vessel
Context
The U.S. and Israel launched the war on Feb. 28. Iran then imposed tight control over the…
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- Watch PointsU.S. Treasury updates adding entities…Locked
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