US Treasury Hints at Temporary Agreement to Open Strait of Hormuz and Announces Strict Measures Against Smuggling Networks

The US Treasury Department revealed the possibility of reaching a temporary agreement to reopen the Strait of Hormuz for a period ranging from 30 to 60 days, emphasizing that the strait's operational mechanism will undergo fundamental changes to prevent its future use as a pressure point. The department highlighted the continuation of its economic pressure policy on Tehran, pointing to the unprecedented inflation rates facing the country. Concurrently, the US State Department announced a new set of measures to dismantle exchange networks and shell companies accused of facilitating the transfer of massive funds to bypass international sanctions. It warned of severe consequences for anyone involved in these activities, reaffirming its commitment to working with international partners to dry up illicit funding sources.