The United States has announced a new round of sanctions against individuals and companies linked to Iran, increasing economic pressure amid renewed tensions in the Strait of Hormuz, a vital global oil shipping route.
The sanctions target 14 individuals and entities, including Dubai-based businessman Ali Ansari, who US authorities accuse of helping manage a financial network that supports Iran’s leadership. According to the US Treasury Department, the network allegedly used exchange houses, shell companies and overseas businesses to move billions of dollars.
US Treasury Secretary Scott Bessent said the measures are intended to block financial channels that benefit Iran’s ruling establishment and limit its access to the international financial system.
The sanctions come days after attacks on commercial vessels in the Strait of Hormuz, through which nearly one-fifth of the world’s oil supply passes. The US has urged Iran to ensure the safety of international shipping and prevent further attacks in the region.
Iran has denied direct involvement in the recent incidents, but tensions between Washington and Tehran remain high. Diplomatic efforts are continuing through regional mediators, though major differences over maritime security and Iran’s nuclear programme persist.
