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  • 18 hours ago
The Treasury Department of the United States has classified Iran's recently established 'Persian Gulf Strait Authority' as a sanctioned organization, alleging that the Islamic Revolutionary Guard Corps utilizes this agency to profit from what officials describe as a state-sponsored terror initiative through the extortion of ships navigating the Strait of Hormuz. This action coincides with reports from US Central Command indicating that it has redirected 94 commercial vessels and incapacitated four others while enforcing a blockade aimed at limiting Iranian port operations. Iran asserts that vessels must obtain coordination from the IRGC for safe passage, a stance that the State Department has categorically deemed incompatible with achieving a sustainable diplomatic resolution.
Transcript
00:00The U.S. Treasury just hit Iran with new sanctions over what officials are calling a maritime extortion scheme.
00:07Treasury designated Iran's newly created Persian Gulf Strait Authority as a sanctioned entity,
00:13accusing the IRGC of using it to monetize a campaign of state-sponsored terror
00:18against commercial vessels in the Strait of Hormuz.
00:22The timing matters.
00:24U.S. Central Command says it has already redirected 94 commercial vessels.
00:28And disabled four others while enforcing a blockade meant to choke off Iranian port traffic.
00:35Iran's position is simple.
00:37Ships need IRGC coordination to pass safely through the Strait or face consequences.
00:43The State Department has flatly rejected that demand, calling it incompatible with any lasting diplomatic deal.
00:50With both sides digging in over who actually controls this critical waterway.
00:55The standoff over Hormuz shows no signs of cooling down.
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