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 United States unveiled new sanctions against key figures and entities linked to the country's leadership.
The move follows a series of attacks on commercial vessels in the Strait of Hormuz, a critical waterway for global oil trade. The renewed tensions have raised concerns about the stability of the region and the impact on maritime trade. The US Treasury has targeted a financier with ties to Iran's leadership and exchange houses, as part of its efforts to increase pressure on the country.