"US Treasury" Sanctions are imposed on a body established by Iran to manage the Strait of Hormuz

The US Treasury Department announced on Wednesday the imposition of sanctions on… "Persian Gulf Strait Authority" Newly created by Tehran to manage Strait of Hormuz and collecting transit fees.

Treasury Secretary Scott Besent said in a statement "The recent attempt by Iranian forces to extort global maritime trade is evidence that economic anger has left the regime desperate for cash"

The statement also carried a threat to anyone who pays fees to the Iranian authority, because they… "They may provide support and receive services from "Iranian Revolutionary Guard, and thus may "They are at risk of sanctions".

Besant added that "The Treasury Department forbade The Iranian regime generates revenues for its weapons programs, terrorist proxies, and nuclear ambitions"

The statement indicated that the United States succeeded in preventing Tehran from reaching… "Tens of billions of dollars in revenue".

And published "Persian Gulf Strait Authority" A map on the X platform dated May 20, specifying "Its regulatory mandate"as it drew red lines on both sides of the Strait of Hormuz, defining the area that requires Iranian approval for passage.

US and Iranian forces have adhered to a ceasefire since April 8, while negotiators and mediators seek to reach a settlement, but Iran has tightened its grip on navigation in the Gulf through the Strait of Hormuz, and the United States has launched raids on Iranian targets in recent days.

Iranian Foreign Ministry spokesman Ismail Baghaei said. Monday, Tehran will continue to manage traffic through the strategic Strait of Hormuz, stressing that Iran collects fees in exchange for… "Navigational services"and does not impose traffic fees.

The war began after the United States and Israel attacked the Islamic Republic on February 28, and Iran responded by launching missile and drone attacks targeting most countries in the region.