The U.S. president, Donald Trump, disclosed fresh sanctions against Iran on the basis of tanker attacks in the Strait of Hormuz and the collapse of an unmanned American drone previously in June. The Treasury Department, the Office of Foreign Asset Control (OFAC) has taken action against eight senior officers of the Islamic Revolutionary Guards Corps (IRGC) Navy, Aerospace and Ground Forces. Furthermore, the move reinforces Trump’s action in issuing an Executive Order imposing sanctions on Iranian Supreme Leader Ayatollah Ali Khamenei and the Office of the Supreme Leader.
In addition, any overseas financial institution that knowingly promotes a substantial financial transaction for organizations designated under this Executive Order may be cut off from the U.S. financial system. The recent round of sanctions raises tensions between the two nations. Reuters quoted the United States. Treasury Secretary Steven Mnuchin said the move would lock up on Iranian assets in billions of dollars more.
SOURCE:-World maritime news