US Intensifies 'Economic Fury' Sanctions Against Iran's Shipping and Aviation
The U.S. Department of the Treasury has expanded its 'Economic Fury' campaign by sanctioning the Persian Gulf Strait Authority, an entity linked to the Islamic Revolutionary Guard Corps (IRGC) attempting to control shipping in the Strait of Hormuz. Additionally, Treasury Secretary Scott Bessent announced measures to block Iranian airlines from accessing landing slots, refueling services, and ticket sales to further degrade the regime's transport infrastructure and military funding. These moves come as the U.S. seeks to leverage economic pressure to secure an agreement to reopen the critical waterway, through which a fifth of the world's oil and gas passes. While President Donald Trump has suggested a deal may be imminent, officials from both nations have issued conflicting reports, and…
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The Trump administration has placed additional sanctions on Iran as part of a sprawling economic pressure campaign during the war, this time targeting the country’s newly created agency that is trying to control shipping through the Strait of Hormuz.
U.S. imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz | PBS News
The sanctions move, first reported by The Associated Press, is the latest U.S. effort to use economic leverage on top of military action to push Iran's leadership into an agreement to end the war and open the waterway where a fifth of the world's oil and natural gas normally passes. President Donald Trump has said a deal is imminent, but talks are ongoing. Subscribe to Here’s the Deal, our politics newsletter ...
US Treasury: New sanctions to block Iranian airline activity and target an entity linked to the Strait of Hormuz
Reading: US Treasury: New sanctions to block Iranian airline activity and target an entity linked to the Strait of Hormuz ... Mohammed Yousry, editor at Voice of Emirates News Agency, Cairo office, is a journalist and researcher specializing in Islamic heritage and extremist groups.
Economic Fury Targets Iranian Maritime Extortion | U.S. Department of the Treasury
Treasury Sanctions Persian Gulf Strait AuthorityWASHINGTON—Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against Iran’s so-called Persian Gulf Strait Authority, a new attempt by Iran’s Islamic Revolutionary Guard Corps (IRGC) to monetize ...
US, Iran issue conflicting reports on deal as Trump says no sanction relief | US-Israel war on Iran News | Al Jazeera
A woman in Tehran, Iran, walks ... Asia News Agency via Reuters] ... Despite suggestions that a deal between the United States and Iran may be close, officials from both countries have continued to issue conflicting statements, signalling an ongoing diplomatic impasse. Speaking at Wednesday’s cabinet meeting, US President Donald Trump said Iran would not receive any sanctions relief as ...
Economic Fury Targets Illicit Oil Revenue Fueling Iran’s Military | U.S. Department of the Treasury
Today’s action is being taken pursuant to the counterterrorism authority, Executive Order (E.O.) 13224, as amended. It continues Treasury’s robust sanctions campaign targeting Iranian oil sales in support of Economic Fury and the President’s National Security Presidential Memorandum 2 ...
U.S. imposes sanctions on Iranian agency trying to control shipping in the Strait of Hormuz | PBS News
Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else. Rising energy prices and other costs stemming from Iran's effective closure of the strait have heaped political pressure on Trump and other Republicans ahead of the midterm congressional elections. "The Iranian military's latest attempt to extort global maritime trade is proof that Economic Fury ...
Economic Fury Ramps Up Pressure on Iran’s Islamic Revolutionary Guard Corps Oil Operations | U.S. Department of the Treasury
The Treasury Department is maintaining maximum pressure on Iran and targeting the regime’s ability to generate, move, and repatriate funds. Treasury is aggressively advancing Economic Fury and has disrupted billions in projected oil revenue, taken actions that have led to the freezing of ...
US continues ‘Economic Fury campaign’ against Iran airlines, says Bessent | Middle East Eye
The United States will be shutting down Iranian airlines’ access to landing spots, refueling, and ticket sales as part of an “Economic Fury campaign” against the country, Treasure Secretary Scott Bessent said in a post to X on Thursday.
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