The U.S. Treasury has sanctioned Iran's Persian Gulf Strait Authority, which was established this month as Iran seeks to control transit through the Strait of Hormuz. Treasury official Scott Bessent warned Oman against allowing a tolling system for vessels using the strait, stating that the U.S. would target any parties involved in facilitating such tolls.
In a post on X, Bessent emphasized that Oman should be aware of potential penalties for any involvement in tolling. This warning follows remarks from President Donald Trump, who insisted that the strait must remain unobstructed and indicated that Oman would need to comply with U.S. expectations.
Additionally, the Pentagon reported that Iran launched a ballistic missile toward Kuwait and deployed attack drones in the vicinity of the Strait of Hormuz. These developments, alongside Bessent's warning and Trump's comments, indicate rising tensions in the region, despite reports of progress in U.S.-Iran negotiations regarding a ceasefire and Iran's nuclear program.
The sanctions are part of "Operation Economic Fury," aimed at restricting Iran's financial capabilities. Bessent criticized the Persian Gulf Strait Authority, calling it ineffective, and warned against any entities that might attempt to disguise toll payments as aid. U.S. Central Command reported that Iranian missile and drone attacks represent significant violations of the ongoing ceasefire. Trump remarked that he feels no pressure to reach a deal with Iran ahead of the midterm elections, asserting that Iran's economy is struggling.
