The Persian Gulf Strait Authority has been added to the US blacklist. The decision was taken yesterday by the Treasury Department and comes in the wake of a new US military raid on an Iranian checkpoint near the Strait of Hormuz.
The newly established agency in Tehran responsible for regulating maritime traffic through the Strait of Hormuz has effectively been cut off from the global financial system. Anyone who cooperates with the agency now risks severe economic reprisals.
Treasury Secretary Scott Bessent said the US administration’s maximum pressure campaign has left Iran desperate and short of cash: “We will remain relentless in targeting the network of ships, intermediaries and buyers through which Iran exports oil and instability.”
Translation by Giles Foster
