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Washington. America has once again taken strict economic action and imposed new sanctions on Iran. This time the Trump administration has targeted Iran’s new agency, which is trying to control the movement of ships passing through the Strait of Hormuz.

What did the US Finance Ministry announce?

The US Treasury Department announced on Wednesday that sanctions would be imposed on Iran’s Persian Gulf Strait Authority and any person or entity working with it. This agency was recently created and its job is said to be to permit ships passing through the Strait of Hormuz and to impose heavy duties on them. According to reports, Iran was preparing to charge a duty of up to $2 million per ship.

What allegations did Besant make against the Iranian Army?

US Treasury Secretary Scott Besant said that the Iranian military’s attempt to put pressure on global maritime trade shows that Iran is trapped in an economic crisis due to US economic pressure. He said that Washington will maintain pressure on Iran.

Why is Hormuz important?

The Strait of Hormuz is one of the world’s most important maritime trade routes. About 20 percent of the world’s oil and gas is supplied through this route. In such a situation, Iran’s efforts to increase control over this route have increased concern in the global energy market. Oil and gas prices have soared and experts say it could take weeks or months for waterways to fully return to normal.

How did Iran react?

Iran’s Revolutionary Guards have defended the move, saying only ships passing through their designated sea routes will be safe. He warned that ships deviating from the designated route could face attacks and other dangers.

Trump’s claim about ending the war

Meanwhile, talks are also going on between America and Iran to end the war. President Donald Trump claimed that an agreement is close, but the two sides have not yet reached any final conclusion. Trump said that Iran wants to make a deal, but we are not satisfied yet. If there is no agreement then we will have to complete the action.

The US has also made it clear that its maritime embargo imposed on Iranian ports will continue until a formal agreement is reached. The US Army has claimed that it has taken action against Iranian missile bases and drone activities in self-defense.

The effect of increasing tension between Iran and America is now clearly visible on global markets and international politics. Rising energy prices have also increased political pressure in the US, becoming a major challenge for the Trump administration, especially ahead of the midterm elections.