SHibbir Ahmed, WASHINGTON DC — Iran’s Islamic Revolutionary Guard Corps (IRGC) says it has captured a U.S. unmanned underwater vehicle near the entrance to the Strait of Hormuz, in the latest development in the escalating confrontation between Tehran and Washington.

Iranian state media identified the vessel as a Dive-LD, a large autonomous underwater vehicle manufactured by California-based defense company Anduril. The approximately 19-foot (5.8-meter) unmanned submersible is designed for missions including seabed mapping, mine detection, intelligence gathering and inspection of underwater infrastructure. The IRGC described the operation as a complex intelligence and military mission and claimed that Iranian forces had “trapped” one of the most advanced unmanned submarines operated by the United States.

However, the U.S. military gave a significantly different account of the incident. A Pentagon spokesperson acknowledged that a U.S. underwater drone had been lost, but said the vehicle had malfunctioned more than a day earlier while surveying regional waters in support of ongoing operations. According to the Pentagon, the drone was an older model and did not carry classified sonar or radar equipment or collect sensitive data.

Anduril also confirmed the loss of one of its underwater vehicles and emphasized that the Dive-LD was designed to operate in dangerous environments where losing the vehicle was considered a possibility.

Reuters said it could not independently verify Iran’s claim that it had captured the vehicle through a deliberate intelligence operation. The Dive-LD can reportedly operate for up to 10 days and is designed to reach depths of approximately 6,000 meters (19,700 feet). The system is part of the U.S. military’s growing use of autonomous underwater and surface vessels for surveillance, mine detection and other missions without putting American personnel directly at risk.

The incident comes as tensions around the Strait of Hormuz continue to rise. Commercial shipping through the strategic waterway has fallen sharply amid the ongoing U.S.-Iran confrontation, while oil prices have climbed above $100 a barrel amid fears of further disruption to global energy supplies.

WASHINGTON DC — The United States and Iran exchanged attacks around the strategically vital Strait of Hormuz, sharply escalating tensions after the U.S. military struck three Iranian oil tankers following Iranian missile attacks on American Navy vessels.

The U.S. Central Command said American forces targeted three Iranian crude-oil carriers on Saturday after Iran’s Islamic Revolutionary Guard Corps launched ballistic missiles toward two U.S. Navy ships. No American personnel were reported injured in the attacks.

The strikes targeted vessels including a tanker near Iran’s Kharg Island, a major hub for the country’s oil exports. The escalation has raised fresh concerns about the security of commercial shipping through the Strait of Hormuz, one of the world’s most important energy corridors.

Iran subsequently claimed that its forces struck an unmanned U.S. vessel attempting to enter the Strait of Hormuz. The United States had not immediately confirmed the Iranian claim, according to The Associated Press.

Iranian authorities have also threatened further action against vessels they consider to be using unauthorized routes in the region. The exchange of attacks comes as military tensions between Washington and Tehran continue to intensify following the collapse of an earlier ceasefire.

The Strait of Hormuz is a critical global energy chokepoint, and disruption there could have consequences far beyond the Middle East. Shipping traffic through the waterway has already fallen significantly amid the conflict, while oil markets remain highly sensitive to developments in the region.

The latest confrontation also comes as OPEC+ prepares to meet Sunday. The group is expected to maintain its current oil-production policy amid continuing disruption to energy exports through the Strait of Hormuz.

The situation remains fluid, with both sides issuing competing claims about attacks on vessels. Independent confirmation of some Iranian military claims was not immediately available.

WASHINGTON — The United States military said Saturday that it struck three Iranian crude-oil tankers after Iran’s Islamic Revolutionary Guard Corps (IRGC) launched ballistic missiles toward two U.S. Navy warships operating in the region. U.S. Central Command (CENTCOM) said a U.S. aircraft carrier and a guided-missile destroyer successfully evaded multiple Iranian attacks. No American personnel were injured, according to the command.

CENTCOM said U.S. forces permanently disabled the M/T Downy off the coast of Iran’s Kharg Island and the M/T Stark 1 near Jask. American forces also destroyed the unladen M/T Kylo, also known as the Noxen, in the Gulf of Oman after the crew was directed to abandon the vessel, according to CENTCOM. The U.S. military said the three tankers were part of what it described as a multibillion-dollar “shadow network” allegedly used to finance the IRGC and its regional proxies.

“Let the message to the IRGC be clear,” CENTCOM Commander Adm. Brad Cooper said. “If you shoot at two of our ships, we will impose an even higher economic cost.” Cooper added that the United States would continue defending its forces and, if necessary, could target Iran’s oil fleet.

Iran condemns the strikes

Iran has condemned the U.S. attacks and warned that continued attacks on Iranian vessels could lead to further military retaliation. The strikes represent a significant escalation in the confrontation between Washington and Tehran, particularly because they directly target Iranian oil shipping. One of the attacks occurred near Kharg Island, Iran’s major oil-export hub.

The latest exchange of fire also raises concerns about the security of commercial shipping and energy supplies in and around the Strait of Hormuz, one of the world’s most strategically important oil-shipping routes.

Shibbir Ahmed, WASHINGTON DC — The United States has imposed sanctions on a Türkiye-based financial institution and two of its subsidiaries, accusing them of providing critical international banking access to Iran and facilitating tens of millions of dollars in transactions linked to the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF).

The U.S. Department of the Treasury announced the action Friday as part of Operation Economic Outcast, a broader campaign aimed at disrupting Iran’s access to international financial networks and cutting off revenue streams that Washington says support the Iranian regime’s regional activities.

The Office of Foreign Assets Control (OFAC) designated Golden Global Yatirim Bankasi Anonim Sirketi, also known as Golden Global Bank, under Executive Order 13902. Two Türkiye-based subsidiaries—Golden Global Varlik Kiralama Anonim Sirketi and Golden Global Portfoy Yonetimi Anonim Sirketi—were also designated.

According to the Treasury Department, Golden Global Bank provided correspondent banking services to Iranian financial institutions, allowing funds connected to Iran to move through the international financial system.

Treasury alleged that the bank was established to facilitate the transfer of Iranian oil revenues from China to Türkiye, where the proceeds could subsequently be converted into cash and gold through money exchangers associated with Iran’s financial networks.

The department also said the bank knowingly facilitated transactions involving accounts controlled by the IRGC-QF and its proxies. Treasury specifically cited a network connected to Turkish businessman Sitki Ayan and his companies, which the U.S. sanctioned in 2022 over alleged involvement in moving hundreds of millions of dollars related to IRGC-QF oil sales.

“Financial institutions continue to find out the hard way that we are serious about Operation Economic Outcast,” Treasury Secretary Scott Bessent said in announcing the action.

The Treasury said the latest sanctions are intended to send a warning to financial institutions around the world that facilitating Iranian sanctions evasion or illicit financial activity could result in restrictions on access to the U.S. financial system.

Part of broader pressure campaign

The action is the latest development in Operation Economic Outcast, which Treasury Secretary Bessent announced on Aug. 24. The campaign focuses on financial networks that the U.S. says Iran uses to generate revenue, evade sanctions and move money internationally.

Treasury said Iran’s existing U.S. sanctions have pushed the country toward multinational “shadow banking” networks that provide access to international financial channels, including U.S. dollar correspondent banking relationships.

Washington has increasingly targeted financial intermediaries outside Iran that it says help Iranian institutions access the global financial system. On Aug. 28, the Treasury Department announced measures targeting Iran’s access to banks in the United Arab Emirates, including a proposed rule that would restrict Banque Misr UAE’s correspondent banking access to U.S. financial institutions.

Sanctions take effect immediately

Under the latest action, property and interests in property belonging to the designated entities that are in the United States or under the possession or control of U.S. persons are blocked and must be reported to OFAC.

U.S. persons are generally prohibited from conducting transactions involving the blocked entities unless authorized by OFAC. The sanctions can also affect foreign financial institutions that knowingly conduct or facilitate certain significant transactions involving sanctioned persons.

OFAC said it has also issued Iran General License CC, which authorizes a limited wind-down of certain transactions involving persons blocked in the Sept. 4 action. The Treasury Department said it will continue identifying financial institutions and other intermediaries that provide Iran with access to international financial channels.

Washington has said the ultimate objective of the sanctions campaign is to pressure Tehran to abandon activities that the U.S. considers destabilizing, including support for armed groups in the Middle East and efforts related to its military capabilities.

Source: U.S. Department of the Treasury and Office of Foreign Assets Control (OFAC).