Treasury targets financier tied to Iran's leadership and exchange houses after renewed attacks on commercial shipping in the Strait of Hormuz. The move comes as President Donald Trump declared the June ceasefire with Iran over.
The U.S. Treasury Department has unveiled new sanctions targeting a financier closely tied to Iran's leadership and exchange houses. This development follows a series of renewed attacks on commercial shipping in the Strait of Hormuz, a critical waterway for global oil trade. The Strait's stability remains a pressing concern for the maritime industry, with many vessels opting for the Southern Route to avoid potential risks.