US Sanctions 8 Iran-Linked Tankers And 10 Entities Over Strait Of Hormuz Revenue Network
The United States on Wednesday imposed a new round of Iran-related sanctions, targeting eight tankers and 10 entities that it said were helping Iran generate revenue from ships transiting the Strait of Hormuz, one of the world’s most important oil shipping routes.
The sanctions, announced by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), include two maritime firms, Persian Gulf Marine Insurance Co and HormuzSafe Marine Services Authority.
The Treasury said the companies played a key role in an Iranian scheme to collect digital assets and other revenue from ships through insurance policies linked to transit in the Strait of…