The European Council representing EU nations extended the EU's Iran sanctions regime to allow for the targeting of more individuals for their actions in blocking the Strait of Hormuz. The new sanctions will target entities trading with the listed individuals and companies, adding to the existing economic sanctions against the Islamic Republic.
Add CNA as a trusted source to help Google better understand and surface our content in search results.cards interface. Give it a try. BRUSSELS: European Union nations moved on Friday towards imposing sanctions on Iranian officials and others responsible for blocking the Strait of Hormuz, the EU said.
US-Israeli strikesDeeming the blockade"contrary to international law", EU governments took a technical step to extend the scope of its existing Iran sanctions regime, allowing for more individuals to be targeted under it.
"The EU will now be able to introduce further restrictive measures in response to Iran's actions undermining the freedom of navigation in the Strait of Hormuz," the European Council representing EU nations said. Brussels' punitive measures on Iran previously targeted the country's military support for Russia in its war against Ukraine and for armed groups across the Middle East.
The EU did not immediately name any individual or entities that would be targeted by the new sanctions consisting of travel bans and asset freezes. EU citizens and companies will also be banned from making funds, financial assets or other economic resources available to those listed. The Iran war and the closure of Hormuz, which normally carries a fifth of global oil production, have sent ripples across the global economy, sending energy prices soaring.
Iran Sanctions Strait Of Hormuz European Union US-Israeli Strikes Reactions To The Crisis
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