U.S. Imposes Sanctions on Iranian Strait Network
The U.S. Department of the Treasury announced additional sanctions against two Iranian companies targeting the financing of the Iranian Revolutionary Guard Corps’ activities through the Strait of Hormuz. The two companies assist commercial vessels in purchasing maritime insurance services to pass safely, with the proceeds used to support the activities of the Revolutionary Guard. This measure aims to prevent Iran from using the waterway to fund its military operations and to influence global trade.
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