'War left regime desperate for cash': US sanctions authority overseeing Strait of Hormuz as Middle East conflict enters 90th day
The US has imposed fresh sanctions on Iran's new Strait of Hormuz authority, escalating economic pressure. This follows US strikes on Iranian military sites after drone downings. The sanctions target the agency regulating transit and charging tolls, impacting global oil and gas supplies. Negotiations for a war-ending deal continue amidst heightened tensions.
