United States Sanctions Iran’s New Hormuz Control Agency
Washington combined new sanctions with military defense operations near the Strait of Hormuz.
TL;DR
- The U.S. has sanctioned Iran's new body, the Persian Gulf Strait Authority (PGSA).
- PGSA is accused of controlling and profiting from transit through the Strait of Hormuz.
- The Treasury Department claims PGSA is used by the IRGC to extort vessels and fund terrorism.
- Sanctions include freezing U.S. assets and banning business with PGSA.
- Violators face penalties, including secondary sanctions on foreign financial institutions.