New US sanctions target Iran's Hormuz income

New US sanctions target Iran's Hormuz income The United States on Wednesday announced new sanctions targeting entities linked to Iran's Revolutionary Guards that it accused of extorting ships transiting the Strait of Hormuz. The announcement came as President Donald Trump warned the United States would strike Iran "hard" after a missile attack against US bases in Jordan, reigniting the war after a days-long pause. The US Treasury Department said in a statement that a scheme backed by Iran's Revolutionary Guard "forces commercial vessels to purchase mandatory maritime 'insurance' to transit the Strait.