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 with ties to Iran's leadership and exchange houses. The move comes amid renewed attacks on commercial shipping in the Strait of Hormuz, a critical waterway for global oil trade. The vessels navigating this region face significant war-risk due to the escalating tensions between the U.S. and Iran.