US EditionTreasury Department tells US ships not to pay Hormuz tolls to Iran
OFAC said payments could include cash, digital assets and charitable donations, and added sanctions on three Iranian exchange houses and the tanker NEW FUSION.
- The US Treasury Department warned American shippers not to pay tolls to Iran for passage through the Strait of Hormuz or face possible sanctions.
- Iran charges ships $1 per oil barrel for safe passage through the strait, with some tolls totaling up to $2 million.
- Payments disguised as charitable donations to Iranian organizations risk punitive US sanctions.
- The Treasury sanctioned Iranian currency exchange houses to limit Iran’s financial operations.
136 Articles
136 Articles
US warns shipping firms over paying Iran to transit Strait of Hormuz
Beirut: The United States is warning shipping companies they could face sanctions for making payments to Iran to safely pass through the Strait of Hormuz. The US Office of Foreign Assets Control alert posted Friday adds pressure in the standoff between the US and Iran over control of the strait at the mouth of the Persian Gulf, where about a fifth of the world’s trade in oil and natural gas typically passes. Iran effectively closed the strait by…
The United States warns shipping companies that they could face sanctions for making payments to Iran to safely transit the Strait of Hormuz.
US Warns of Sanctions for Paying Iran to Pass Through Hormuz The U.S. government has warned of potential sanctions to shipping companies doing business with Iran to safely pass through the Strait of Hormuz. According to the AP, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) stated on the 2nd that paying money to the Iranian regime for safe passage...
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