“With its economy in freefall and inflation in the triple digits, the regime is desperate for cash,” said Treasury Secretary Scott Bessent.

US imposes sanctions on oil tankers linked to Iran. Strait of Hormuz traffic normal by August 31 at 9.5% YES.

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…