US sanctions Iran's 'Persian Gulf Strait Authority' over Hormuz transit demands

The US Treasury sanctioned Iran's so-called Persian Gulf Strait Authority, which it describes as a Revolutionary Guards scheme to extort payments from vessels transiting the Strait of Hormuz. Treasury warned that anyone cooperating with the body may be supporting the Guards and could face sanctions. Secretary Scott Bessent said the move showed that the Economic Fury campaign had left Iran's government desperate for cash.

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