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Event Brief

US sanctions target entities linked to Iran’s Hormuz income

The US announced sanctions targeting entities linked to Iran’s IRGC over alleged extortion of ships in the Strait of Hormuz.
WHO: United States
WHAT: Announced sanctions targeting entities linked to Iran’s Islamic Revolutionary Guard Corps over alleged extortion of ships transiting the Strait of Hormuz.
WHEN: Jul 29, 2026 at 3:18 PM ET
WHERE: USA
WHY: The sanctions were imposed over accusations that the targeted entities extorted ships transiting the Strait of Hormuz.
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