SECURITYMay 28 · 14:55 UTCTHE HILLMax Rego

US sanctions Iranian agency trying to control Strait of Hormuz

The US Treasury Department sanctioned Iran's Persian Gulf Strait Authority (PGSA), an agency formed to manage the Strait of Hormuz. The Treasury described the PGSA as a new effort by Iran's Islamic Revolutionary Guard Corps (IRGC) to monetize control of the strategic waterway.

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US Treasury DepartmentorganizationPersian Gulf Strait AuthorityorganizationIranian governmentorganizationIslamic Revolutionary Guard CorpsorganizationStrait of Hormuzplace

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