FacebookTwitterEmailLinkedin The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has intensified sanctions pressure on Iran following a renewed escalation between the two countries and reported attacks on commercial vessels in the Strait of Hormuz. Earlier, OFAC had eased certain restrictions on Iran’s oil-related sanctions regime, allowing limited trade activity through August as part of the wider U.S.-Iran ceasefire framework. However, the latest developments have prompted Washington to resume a tougher approach. RelatedNews U.S. forces disable tanker bound for Iran as maritime blockade escalates Intermodal: Hormuz crisis is settling into a recurring cycle of escalation var jnews_module_21378269_0_6a58ab8f2f053 = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21378269","include_category":"","exclude_category":"","include_author":"","include_tag":"4346,903,2647,131","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_category":"","web_story_tag":"","sort_by":"latest","show_date":"","date_format":"default","date_format_custom":"Y\/m\/d","pagination_mode":"disable","pagination_nextprev_showtext":"","pagination_number_post":"2","pagination_scroll_limit":0,"ads_type":"disable","ads_position":1,"ads_random":"","ads_image":"","ads_image_tablet":"","ads_image_phone":"","a