Iran and the US have continued to insist on fundamentally diverging versions of any final deal to end the ongoing war, as both sides reportedly exchanged strikes in the Persian Gulf for the second time in three days and Washington sanctioned Tehran's new Hormuz transit authority.
The US Treasury Department's Office of Foreign Assets Control placed the Persian Gulf Strait Authority on its sanctions list on Wednesday, saying it was "a new attempt by the Islamic Revolutionary Guard Corps to monetise its campaign of state-sponsored terror by extorting vessels transiting the Strait of Hormuz."
