Bessent announces sanctions on Iranian Strait of Hormuz authority to block toll payments

Published May 28, 2026 • 3:41 PM

Treasury Secretary Scott Bessent announced sanctions on Tehran’s nautical authority that is seeking to establish control over the Strait of Hormuz, denouncing it as “maritime extortion.” The new sanctions were announced as part of Washington’s intensifying Operation Economic Fury, the effort to strangle Iran’s economy through economic and financial means. Iran has tried to maximize […]

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