WASHINGTON, May 27 — Federal officials on Wednesday imposed fresh sanctions targeting Iran by placing the Persian Gulf Strait Authority on the Treasury Department’s Specially Designated Nationals list, according to the department’s website.
The authority serves as Iran’s administrative body for handling passage requests through the Strait of Hormuz.
Iran’s control over this critical waterway, which carries roughly one-fifth of the world’s oil supply, has created significant disruption to global economic markets.
The strait was shut down by Iran following the commencement of military operations by the U.S. and Israel against Iran on February 28.
Last week, the Persian Gulf Strait Authority released a map that reinforced Iran’s territorial claims over an extensive area of water surrounding the strategic chokepoint.
The Treasury Department’s Office of Foreign Assets Control, which oversees the SDN list containing thousands of sanctioned individuals and organizations, made the designation official.
