- Treasury Secretary Scott Bessent announced sanctions against the newly created Persian Gulf Strait Authority (PGSA) for imposing illegitimate tolls on commercial vessels.
- The PGSA is accused of functioning as a mechanism for the Islamic Revolutionary Guard Corps (IRGC) to extort maritime trade and funnel revenue to military programs.
- Reports indicate the Iranian agency was charging transit fees as high as 2 million dollars per vessel for passage through the Strait of Hormuz.
- The sanctions are part of the Economic Fury campaign aimed at depriving the Iranian regime of cash amid ongoing regional tensions.
- President Trump stated that Iran is negotiating on fumes and suggested a deal to end the conflict may be imminent despite recent military strikes.
United States sanctions Iran Persian Gulf Strait Authority over alleged maritime extortion
May 28, 2026, 12:58:43 PM UTC(4 hours ago)
Impact: Very High
Affected Assets
Sources
From:@DeItaone
BESSENT: HAVE SANCTIONED IRAN’S PERSIAN GULF STRAIT AUTHORITY
