U.S. Sanctions Iran's Persian Gulf Strait Authority Over Tolls

The U.S. Treasury sanctioned Iran's Persian Gulf Strait Authority, which was established recently to control transit through the Strait of Hormuz. Treasury Secretary Scott Bessent warned Oman against allowing tolls for vessels passing through this key oil route, stating that those involved would face consequences. The sanctions are part of 'Operation Economic Fury,' aimed at limiting Iran's financial capabilities. Tensions in the region are rising, as Iran has also launched missiles towards Kuwait and attacked drones around the strait, despite ongoing negotiations between the U.S. and Iran for a ceasefire.