Treasury targets financier tied to Iran's leadership and exchange houses after renewed attacks on commercial shipping in the Strait of Hormuz.
President Donald Trump declared the June ceasefire with Iran over, as the U.S. unveiled new sanctions targeting a financier tied to Iran's leadership and exchange houses. This move comes in response to renewed attacks on commercial shipping in the Strait of Hormuz, a critical waterway for global oil trade. The sanctions aim to disrupt Iran's ability to finance its military activities and support its leadership.