The United States on Thursday warned shipping companies, financial institutions and other entities that cooperating with Iran’s newly designated Persian Gulf Strait Authority could expose them to sanctions, as Washington escalated pressure over Tehran’s control measures in the Strait of Hormuz.
In a statement announcing fresh sanctions, the US Treasury Department’s Office of Foreign Assets Control (OFAC) said “anyone cooperating” with the so-called strait authority may be providing support or services to Iran’s Islamic Revolutionary Guard Corps (IRGC), which Washington designates as a Foreign Terrorist Organization.
