US imposes new Iran sanctions, warns shipping companies not to pay Hormuz tolls
The US has imposed new sanctions on 35 groups and individuals linked to Iran's covert 'shadow banking' network. The move is part of broader efforts to counter Iranian financial activities and influence. The US also warned shipping companies against paying alleged tolls in the Strait of Hormuz.
- ▪The US imposed new sanctions on 35 entities and individuals tied to Iran's 'shadow banking' system.
- ▪These sanctions aim to disrupt Iran's ability to finance its military and proxy activities.
- ▪The US government cautioned shipping firms not to pay any tolls demanded by Iran in the Strait of Hormuz.
- ▪The Strait of Hormuz is a critical global oil transit route.
- ▪The sanctions reflect ongoing US efforts to increase economic pressure on Iran.
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US imposes new Iran sanctions, warns shipping companies not to pay Hormuz tollsThe move comes after the US imposed new sanctions on Tuesday on 35 groups and individuals involved in operating Iran's covert "shadow banking" financial network.A large US flag flies outside the White House in Washington, DC on November 23, 2025.(photo credit: Mandel NGAN / AFP via Getty Images)
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Jerusalem Post | JPost.com.