Iranian agency governing Strait of Hormuz tolls sanctioned by US
( May 28, 2026, 03:24 GMT | Official Statement) -- MLex Summary: The US Treasury Department said it has sanctioned Iran’s so-called Persian Gulf Strait Authority, a government agency aimed at imposing tolls on commercial traffic and forcing vessels to follow Iranian direction in return for safe passage through the Strait of Hormuz. The PGSA works with Iran’s Islamic Revolutionary Guard Corps (IRGC) to coordinate traffic through the strait, including requiring vessels to follow IRGC instructions to navigate an Iranian-designated route near Iran’s coast, while charging fees for passage. The funds from these tolls are funneled to the IRGC, a designated foreign terrorist organization, Treasury said.Statement follows below:...
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