Treasury Loosens Sanctions on 5 Iran Entities

The U.S. Treasury Department has lifted sanctions related to terrorism on two aircraft and three airlines linked to the Iranian Revolutionary Guard Corps, as part of ongoing efforts to resolve issues surrounding the Strait of Hormuz and reach a temporary agreement that would increase Iranian control over maritime traffic there. This move comes amid growing tensions and regional and international diplomatic efforts to de-escalate the conflict between Washington and Tehran, with reports suggesting that a preliminary understanding is close to being reached to reopen the strait for 60 days, with the possibility of extension, pending the approval of Oman and Iran. The potential agreement aims to meet Iran’s demands for increased control over navigation, amid American efforts to contain tensions and make progress in negotiations.

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