US Tightens Grip on Iran’s Hormuz Insurance Network: OFAC Targets Alleged Maritime Extortion Scheme
The United States has significantly intensified its sanctions campaign against Iran by targeting what it describes as an Islamic Revolutionary Guard Corps (IRGC)-backed maritime insurance extortion network operating in the Strait of Hormuz. The latest measures, announced by the US Treasury’s Office of Foreign Assets Control (OFAC), include sanctions against […]
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