U.S. Announces New Sanctions on Iran, Targets Persian Gulf Strait Authority
The United States has declared new sanctions targeting an Iranian network accused of defrauding U.S. businesses to acquire technology for military purposes. The network, led by Ali Majd Sepehr, used fake websites and intermediaries to obtain advanced equipment for Iran's defense sector. The U.S. State Department is offering a reward for information disrupting the financing of Iran's IRGC. Additionally, the U.S. Treasury has amended its policies to ensure safe passage through the Strait of Hormuz, which remains unauthorized for U.S. entities. The sanctions also target Iran's Persian Gulf Strait Authority (PGSA), designated under counterterrorism authorities for supporting the IRGC. The PGSA has condemned the sanctions, viewing them as a sign of 'positive performance.' 
