The European Union will expand the criteria of its Iran sanctions to include those responsible for blocking the Strait of Hormuz, which has been largely shut for nearly two months, upending global energy and commodities markets, two EU diplomats say.
Tehran effectively closed the strait after US-Israeli strikes on Iran began on February 28, cutting off roughly one-fifth of the world’s oil and liquefied natural gas supplies.
More than a dozen tankers sailed through Hormuz after Iran briefly declared it open on Friday, but the ceasefire agreement was thrown into jeopardy after the United States seized an Iranian cargo ship as it maintained its own military blockade of Iranian ports.
“There was a political agreement among ambassadors that we indeed would change the criteria in Iran’s sanctions regime so that we could also list persons and entities that are responsible for the obstruction of the freedom of navigation in the Strait of Hormuz,” one of the diplomats says.
A second diplomatic source says the European External Action Service would need a few weeks to prepare any new listings. The EEAS is in charge of placing people and companies under sanctions, while the European Commission handles sector-wide restrictions.
In January, the EU designated Iran’s Revolutionary Guards (IRGC) as a terrorist organization, and in March, it listed Iranian officials for human rights violations.
Help us report truthfully on social media
As a multimedia journalist, my job is to take the quality, fact-based journalism produced by The Times of Israel newsroom and make it accessible across every platform — from Instagram posts to podcasts to short-form videos.
This is how many, especially young people, consume news these days. But misinformation is rampant on social media. Our team at ToI produces accurate, responsible short-form reporting on Israel and the Jewish world.
If you believe in the importance of factual social media journalism, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to sustain responsible multimedia reporting.
— Gabriella Jacobs, multimedia journalist
Support our work
Support our work
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this