US imposes sanctions on Iranian agency controlling Strait of Hormuz shipping

Summary

The Trump administration imposes new sanctions on Iran's agency controlling shipping in the Strait of Hormuz. This action aims to pressure Iran into an agreement to end the conflict and reopen the waterway, amid rising energy prices.

Recent Coverage

• US warns ties with Iran’s Strait of Hormuz authority may bring sanctions for 'anyone' involved

  Economic Times - India Time • May 28

• US adds Persian Gulf Strait Authority to sanctions list, Treasury website shows

  Economic Times - India Time • May 28

• US imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz

  Economic Times - India Time • May 28