U.S. Department of the Treasury

The United States Government will not tolerate any effort to impose a tolling system in the Strait of Hormuz. Oman, in particular, should know that the U.S. Treasury will aggressively target any actors involved - directly or indirectly - in facilitating tolls for the Strait and any willing partners will be penalized. All nations should reject outright any efforts by Iran to disrupt the free flow of commerce. Tehran’s days of terrorizing the region and the world are over.

The @USTreasury continues our Economic Fury campaign against the Iranian regime. Their troops are not getting paid, the police are not reporting for work, and Kharg Island is shut down. The Iranian economy and currency are in free fall. Iran’s Persian Gulf Strait Authority (PGSA) is a joke, and today Treasury has sanctioned it. We have warned any corporate or state entities against paying tolls or hiding them as aid payments. Forming a Wall of Steel, the U.S. Naval Blockade has ensured a record low amount of Iranian crude on the water. We will also be shutting down both Iranian airlines’ access to landing spots, refueling, and ticket sales. Only a satisfactory outcome in negotiations will end the downward spiral.

For too long, financial markets felt out of reach for too many. We are proud to launch the @TrumpAccounts app, a historic tool that brings the President’s vision directly to the kitchen table. This app ensures that every American family has a direct and easy way to be involved in this historic program. Download the app today, on any app store, to make sure your child is ready for the official July 4th launch. Thank you to @ndstudio, @BNYglobal, and @RobinhoodApp for the incredible work on this project.

The @TrumpAccounts app launches today—the main interface for the most historic policy for American families in decades. This app is designed to be accessible for every household, ensuring that even our youngest shareholders can monitor their path to prosperity. While the accounts themselves will officially launch on July 4th, today we put the power of information in your hands. This app is available on all app stores now, and Treasury will continue to release information ahead of our nation’s 250th anniversary.

I was honored to meet with @realartlaffer and Lisa Nelson, CEO of @ALEC_states, for a productive discussion on pro-growth economic policy, tax reform, and how we can continue creating the conditions for American families and businesses to prosper. At Treasury, we focus on policies that drive lasting economic growth, strengthen U.S. competitiveness, and ensure both Main Street and Wall Street can thrive. Continued coordination between federal, state, and local partners is key to fostering an environment where businesses can invest, hire, and grow — creating opportunity for workers and communities nationwide.

On Memorial Day, we pause as one nation to remember the brave men and women who gave their lives in defense of our country and the freedoms we cherish. Their sacrifice represents the very highest form of service to America. We honor those who never returned home, and we keep all Gold Star Families in our prayers. The gratitude of the American people endures, and their memory will forever remain in the heart of this nation. God bless the United States of America.

.@TrumpAccounts are designed to strengthen financial foundations early in life. Each eligible child will receive an initial $1,000 contribution from the U.S. Treasury to support long-term growth. https://trumpaccounts.gov/

Robert Gabriel has done a stellar job as DNSA aligning economic policy with national security goals. He has been a great partner in driving efforts to reindustrialize the U.S. economy, re-shore production and investment, and prioritize our financial and capital markets.

Congratulations to Kevin Warsh on becoming the 17th Chair of the @federalreserve. I look forward to working together to strengthen the American economy and restore confidence in our financial institutions. Today, a new chapter begins at the Federal Reserve with accountability, strong management, and sound policymaking back at the forefront.

.@POTUS and Republicans’ @TaxCuts are reviving the Main Street economy. Small business owners, like Bill in Florida, are using historic tax relief to create local jobs, expand their operations, and invest in their communities. “I can speak firsthand about the beneficial impact of these tax cuts. They're allowing us to open new locations and improve our existing ones…This investment may sound small, but when you multiply it across the economy, with other small businesses taking similar actions, you start to understand the benefits of pro-growth tax reform.” Read more from Bill:

Hizballah is a terrorist organization and must be fully disarmed. Treasury will continue to take action against officials who have infiltrated the Lebanese government and are enabling Hizballah to wage its senseless campaign of violence against the Lebanese people and obstruct lasting peace.

Today, Treasury’s Office of Foreign Assets Control designated nine Hizballah-aligned officials, including individuals embedded across Lebanon’s government seeking to influence key state decisions. Hizballah’s continued militant activity and coercive influence over the Lebanese state undermine the Lebanese government’s ability to assert its authority over state institutions and disarm the terrorist group.

I enjoyed meeting with His Excellency Ali bin Ahmed Al Kuwari @MoF_Qatar in Paris. We discussed Doha’s tremendous resilience in the face of Iran’s indiscriminate attacks on its neighbors and the need for allies to continue to pressure Iran now to end its threats.

Today, Treasury’s Office of Foreign Assets Control sanctioned more than a dozen individuals and entities, comprising two distinct networks, linked to the terrorist Sinaloa Cartel and its fentanyl trafficking activities. The Sinaloa Cartel is responsible for a significant portion of the illicit fentanyl trafficked into the United States that kills tens of thousands of Americans each year.

Today, as a part of Economic Fury, Treasury’s Office of Foreign Assets Control designated a prominent Iranian foreign currency exchange house and associated front companies that oversee hundreds of millions of dollars in transactions on behalf of sanctioned Iranian banks. Collectively, Iranian exchange houses facilitate billions of dollars in foreign currency transactions each year, enabling the regime and its armed forces to evade sanctions, access the international financial system, and move funds derived from oil and petrochemical sales.