The U.S. sanctioned two Iranian companies accused of forcing ships to pay for safe passage through the Strait of Hormuz.

INTELLIGENCE SUMMARY

The U.S. sanctioned two Iranian companies accused of forcing ships to pay for safe passage through the Strait of Hormuz. Washington called the fees extortion and also targeted eight firms linked to Iran's shadow oil fleet, aiming to weaken Tehran's control over the strategic waterway as U.S.-Iran tensions escalate. Source: Bloomberg