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The U.S. Department of the Treasury announced the lifting of sanctions imposed on three Iranian entities linked to the Islamic Revolutionary Guard Corps, as part of efforts to facilitate the reopened of the Strait of Hormuz, one of the most vital maritime routes for global energy trade. This comes amid reports of a temporary agreement between the United States and Iran, sponsored by Oman, for 60 days, extendable, to resume navigation through the strait. Previously, the United States had also imposed sanctions on more than 100 ships involved in sanctions evasion, which Iran relies on to export oil. The agreement aims to enhance maritime security and reduce tensions in the region.
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