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Washington removes sanctions on three Revolutionary Guards-connected entities
The U.S. Treasury Department has lifted sanctions on three Iranian entities linked to the Revolutionary Guard, amid ongoing negotiations between Iran and Oman to ensure the passage of shipping lanes through the Strait of Hormuz. The arrangements are expected to include, over a sixty-day period, the use of northern ships for the upper lane of the strait, and the southern route for passage through Omani waters, with the possibility of extending the agreement later on. U.S. President Donald Trump confirmed that an agreement is close to being reached and warned Iran of retaliation if the passages are not opened, citing progress in negotiations and rising oil prices. Hostilities in the region have resumed following the collapse of a previous understanding, with ongoing attacks on ships and Iranian influence in the strait.
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