3 Hrs
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CNN Arabic
US sanctions on Iran over Hormuz fees
The United States imposed sanctions on two Iranian companies, "Persen Gulf Marine Insurance" and "Hormoz Sef" Marine Services, on Wednesday, accusing them of forcing merchant ships to purchase mandatory naval insurance to pass through the Strait of Hormuz. The U.S. Treasury Department stated that these companies are part of a blackmail scheme supported by the Iranian Revolutionary Guard, aimed at financing terrorism and corruption by covering artificial risks such as the seizure of ships. The sanctions also target companies operating vessels known as the "Shadow Fleet," which transport Iranian oil and its products to China and the UAE, as part of American efforts to maintain free passage through the strait and to contain Iran's activities in the region.
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