The United States imposed sanctionson Iran’s so-called “Persian Gulf Strait Authority,” accusing the IslamicRevolutionary Guard Corps (IRGC) of attempting to “extort” vessels transitingthe Strait of Hormuz and “monetize” maritime traffic through the strategicwaterway.
Treasury Secretary Scott Bessentdescribed the sanctions as part of Washington’s “Economic Fury” campaignagainst Iran, arguing that the measures aim to cut revenue linked to Tehran’sweapons programs, regional allies, and nuclear activities.
Iran established the authority afterclosing the Strait of Hormuz following the outbreak of war with the UnitedStates and Israel on February 28. Iran’s Revolutionary Guard has defended thearrangement, describing the designated corridor as the only safe maritime routethrough the waterway and warning that ships deviating from it could faceattacks and security risks.
The move comes as the United Statescontinues a naval blockade on Iranian ports, with President Donald Trump affirming that the blockade would remain “in full force and effect until an agreement isreached, certified, and signed.”
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