US imposes new sanctions on Iran amid Strait of Hormuz tensions The Trump administration on Wednesday 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. The sanctions move, first reported by The Associated Press, is the latest US 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. “The Iranian military’s latest attempt to extort global maritime trade is proof that Economic Fury has left the regime desperate for cash,” Treasury Secretary Scott Bessent said in a statement.
Iran sanctions, Strait of Hormuz, Trump administration, Scott Bessent, maritime shipping, Economic Fury, U.S.-Iran talks