> Indian Insurance: US Sanctions Iran’s ‘Extortion Network’ Over Hormuz Tolls

Thursday, July 30, 2026

US Sanctions Iran’s ‘Extortion Network’ Over Hormuz Tolls

The US imposed sanctions on two Iranian companies that charge for safe passage through the Strait of Hormuz, an attempt to loosen Tehran’s grip on the vital waterway as hostilities between the countries resume. The Treasury Department on Wednesday announced …

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