U.S. Sanctions Iran's Strait Authority Amidst Ongoing Tensions
U.S. Treasury Secretary Scott Bessent announced sanctions against Iran's Persian Gulf Strait Authority, warning companies against paying tolls to cross the Strait of Hormuz. This move is part of the U.S.'s broader 'Operation Economic Fury' campaign, aimed at exerting financial pressure on Iran. The sanctions come despite reports of a completed peace framework awaiting President Trump's approval. The U.S. has also targeted Iranian airlines, restricting their access to landing spots, refueling, and ticket sales. These measures are intended to curb Iran's economic activities and influence in the region, particularly in light of the ongoing naval blockade that has significantly reduced Iranian crude oil exports. 
