US gives Iran 24 hours to declare Strait of Hormuz open

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleThe US has demanded Iran publicly commit within 24 hours to cease attacks on ships in the Strait of Hormuz and ensure all shipping lanes remain open without tolls. Washington warned of "serious consequences" and has contingency plans if Iran fails to comply, conveying the message directly and via regional mediators. The US Treasury Department has imposed new sanctions targeting Ali Ansari, an Iranian banker accused of financing Iran's Supreme Leader Ayatollah Mojtaba Khamenei and the Revolutionary Guards. Ansari, previously sanctioned by Britain, is alleged to have diverted public funds into an extensive overseas portfolio for personal enrichment and to benefit government elites and the IRGC. Further sanctions were placed on three Iran-based exchange houses and foreign "front companies" for moving billions of dollars on behalf of sanctioned Iranian banks, following renewed attacks on oil tankers.In fullIran-US war latest: Trump says military will ‘completely decimate and destroy’ Iran if he’s assassinatedMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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