On May 28, 2026, the US Treasury Department announced sanctions against the Persian Gulf Strait Authority (PGSA), an Iranian agency established earlier that month. The Treasury stated that the PGSA is linked to Iran's Islamic Revolutionary Guard Corps (IRGC) and is part of an effort by Iran to exert control over the Strait of Hormuz.
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US Treasury Department Sanctions Iranian Agency Over Strait of Hormuz Control
The US Treasury Department has sanctioned the Persian Gulf Strait Authority, an Iranian agency formed to manage the Strait of Hormuz. This action is part of the US response to what it describes as an attempt by Iran's Islamic Revolutionary Guard Corps to control the strategic waterway.
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Original Headline
US sanctions Iranian agency trying to control Strait of Hormuz
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US Treasury Department Sanctions Iranian Agency Over Strait of Hormuz Control
