Tag: maritime_insurance

US Treasury Sanctions Iran's Strait of Hormuz Extortion Network and Shadow Fleet

29 Jul 2026 10:36 a.m. · Source: US Treasury

The U.S. Treasury has sanctioned two Iranian firms for an IRGC-backed maritime insurance extortion scheme in the Strait of Hormuz and several vessels in Iran's "shadow fleet," aiming to disrupt funding for the regime's illicit activities.

Politics and Government Business World Federal Government Economy Financial Markets Trade Middle East Asia Iran U.S. Treasury Sanctions Strait of Hormuz IRGC Maritime Insurance Oil Shipments US Treasury