The US has sanctioned the Persian Gulf Strait Authority, the body Iran has set up to manage the Strait of Hormuz, Reuters reports, citing the Treasury Department.
The authority is a body Iran has set up to manage requests for passage through the Strait of Hormuz.
Anyone cooperating with the authority may be providing support to and receiving services from Iran’s Islamic Revolutionary Guard Corps and may be sanctioned, the Treasury said in a statement.
“The Iranian military’s latest attempt to extort global maritime trade is proof that Economic Fury has left the regime desperate for cash,” Treasury Secretary Scott Bessent said.
