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US sanctions Iranian agency trying to control Strait of Hormuz

Politics The Hill By Max Rego 28 May 2026 14:55 1 min read
US sanctions Iranian agency trying to control Strait of Hormuz

The Treasury Department on Wednesday sanctioned an Iranian agency attempting to control the Strait of Hormuz. In a release, the department said the Persian Gulf Strait Authority (PGSA) — which the Iranian government formed earlier this month to manage the passageway — is a “new attempt by Iran’s Islamic Revolutionary Guard Corps (IRGC) to monetize...

The Treasury Department on Wednesday sanctioned an Iranian agency attempting to control the Strait of Hormuz. In a release, the department said the Persian Gulf Strait Authority (PGSA) — which the Iranian government formed earlier this month to manage the passageway — is a “new attempt by Iran’s Islamic Revolutionary Guard Corps (IRGC) to monetize...

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