U.S. SANCTIONS IRAN’S ‘PERSIAN GULF STRAIT AUTHORITY’ AS HORMUZ TRANSIT FIGHT ESCALATES

Vessels in the Strait of Hormuz, Iran, May 22, 2026. 25 MAY 2026 The U.S. Treasury Department on Wednesday formally sanctioned Iran’s so-called Persian Gulf Strait Authority (PGSA), accusing the organization of working with the Islamic Revolutionary Guard Corps (IRGC) to extort commercial vessels transiting the Strait of Hormuz. The …

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