US Treasury Anticipates Temporary Agreement to Open the Strait of Hormuz and Announces Deterrent Measures

The US Department of the Treasury revealed the possibility of soon concluding a temporary agreement to reopen the strategic Strait of Hormuz for a period ranging from 30 to 60 days, expecting this to reflect in lower energy prices. The department emphasized that the economic pressure strategy exerted against Tehran has resulted in record-high inflation rates, severely impacting its financial capabilities. In a related context, the US Department of State announced stringent measures to dismantle an international network of exchange firms and shell companies accused of facilitating the transfer of hundreds of millions of dollars to bypass imposed international sanctions. Washington warned of severe consequences for any entity involved in evading sanctions, reaffirming its ongoing commitment to cutting off illicit funding sources.