US issues new Iran-related sanctions targeting insurers, more tankers

WASHINGTON: The United States on Wednesday issued another round of Iran-related sanctions, taking aim at Iran’s efforts to “monetize the Strait ​of Hormuz” with designations of 10 entities and eight more tankers, the US Treasury Department said. Six of the entities targeted for sanctions were based in China, it said. The sanctions followed a vow by US President Donald Trump earlier on Wednesday to hit Iran hard, according to an interview with Fox News, after the US military said it had intercepted multiple ballistic missiles launched by ‌Iran toward ‌American forces in the Middle East.

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