U.S. Sanctions Iran’s ‘Persian Gulf Strait Authority’ as Hormuz Transit Fight Escalates

AI Summary

The U.S. Treasury Department sanctioned Iran’s newly formed Persian Gulf Strait Authority, intensifying Washington’s response to Tehran’s efforts to control transit in the Strait of Hormuz. The sanctions reflect escalating tensions over maritime passage in a key global shipping route.

The U.S. Treasury Department has formally sanctioned Iran’s newly-established Persian Gulf Strait Authority (PGSA), escalating Washington’s response to Tehran’s efforts to impose a permission-based transit regime in the Strait of...