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US Sanctions Iranian Agency in Strait of Hormuz

Updated 2026-05-28 15:35 UTC 1 source Negative

The US Treasury Department sanctioned an Iranian agency, the Persian Gulf Strait Authority (PGSA), for attempting to control the Strait of Hormuz. This move is seen as a response to Iran’s new attempt to manage the passageway.

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The Hill
The Treasury Department on Wednesday sanctioned an Iranian agency attempting to control the Strait of Hormuz. In a release, Treasury said that the Persian Gulf Strait Authority (PGSA) — which the Iranian government formed earlier this month to manage the passageway — is a “new attempt by Iran’s Isla
2026-05-28 14:55 UTC
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