US Sanctions Iran Over Hormuz Strait Fees
RARaajje MV – 7 days ago
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The US Treasury Department has imposed sanctions against Iran's newly formed "Gulf Strait Authority," which plans to charge fees for vessels transiting the Strait of Hormuz. These measures aim to halt Iran's efforts to gain illicit profits from international maritime trade. The US has warned that entities paying these fees may face sanctions, as the funds could be seen as supporting Iran's Revolutionary Guard Corps.