After another attack in the Strait of Hormuz, negotiations between the US and Iran broke down, and the US increased its economic sanctions against Iran and resumed its military blockade against Iran. The US Treasury announced new sanctions against Hussein Shamhani's shipping network on Tuesday. Shamhani is the leader of Iran's secretive commercial empire. The US side alleges that the company handles strategically important oil and arms deals for Tehran and Moscow. The Ministry of Finance has sanctioned more than 50 entities, including shipping companies, ships, e-wallets, and individuals. US Treasury Secretary Scott Bessent said in a social media post that the US has also sanctioned several digital asset wallets allegedly linked to Iran's central bank and frozen more than 130 million US dollars of funds. These measures come at a time when US President Donald Trump is resuming the blockade of ships traveling to and from Iranian ports or coastal areas. The US Central Command said the naval blockade was resumed at 4 p.m. New York time on Tuesday.

After another attack in the Strait of Hormuz, negotiations between the US and Iran broke down, and the US increased its economic sanctions against Iran and resumed its military blockade against Iran. The US Treasury announced new sanctions against Hussein Shamhani's shipping network on Tuesday. Shamhani is the leader of Iran's secretive commercial empire. The US side alleges that the company handles strategically important oil and arms deals for Tehran and Moscow. The Ministry of Finance has sanctioned more than 50 entities, including shipping companies, ships, e-wallets, and individuals. US Treasury Secretary Scott Bessent said in a social media post that the US has also sanctioned several digital asset wallets allegedly linked to Iran's central bank and frozen more than 130 million US dollars of funds. These measures come at a time when US President Donald Trump is resuming the blockade of ships traveling to and from Iranian ports or coastal areas. The US Central Command said the naval blockade was resumed at 4 p.m. New York time on Tuesday.