On May 28, 2026, Treasury Secretary Scott Bessent announced sanctions against Iran's Persian Gulf Strait Authority. He also issued a warning to companies regarding the payment of tolls for crossing the Strait of Hormuz.
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Treasury Secretary Bessent Announces Sanctions on Iran's Strait Authority
Treasury Secretary Scott Bessent announced sanctions against Iran's Persian Gulf Strait Authority on May 28, 2026. He cautioned companies against paying tolls to cross the Strait of Hormuz.
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Bessent sanctions Iran’s Strait Authority — and sends firm warning against paying tolls
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Treasury Secretary Bessent Announces Sanctions on Iran's Strait Authority
