Ships and boats in the Strait of Hormuz, Musandam, Oman, May 1, 2026. (Credit: Reuters)
The United States imposed new sanctions Friday on three Iranian foreign currency exchange firms, in an effort to target Tehran's "financial lifelines" in the Middle East war.
The U.S. Treasury Department warned in a separate statement against paying a "toll" to Iran's government in exchange for safe passage through the Strait of Hormuz, saying this could trigger sanctions.
Tehran has virtually blocked the Strait of Hormuz, a key waterway for energy transit, since U.S.-Israeli strikes on Iran from late February.
The United States imposed new sanctions Friday on three Iranian foreign currency exchange firms, in an effort to target Tehran's "financial lifelines" in the Middle East war.
The U.S. Treasury Department warned in a separate statement against paying a "toll" to Iran's government in exchange for safe passage through the Strait of Hormuz, saying this could trigger sanctions.
Tehran has virtually blocked the Strait of Hormuz, a key waterway for energy transit, since U.S.-Israeli strikes on Iran from late February.
