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Event Brief

US sanctions Iran’s new Hormuz authority

The U.S. Treasury sanctioned an Iranian entity created to oversee and manage the Strait of Hormuz.
WHO: U.S. Treasury
WHAT: Sanctioned an Iranian entity newly created to oversee and manage the Strait of Hormuz
WHEN: May 28, 2026 at 4:01 AM ET
WHERE: USA
WHY: Cause not yet established.

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