US EditionTreasury Department tells US ships not to pay Hormuz tolls to Iran
Treasury said toll payments, including charitable donations or digital assets, could trigger sanctions as Iran seeks fees for safe passage through the waterway.
- The U.S. Treasury Department warned that shippers paying tolls or disguised payments to Iran for passage through the Strait of Hormuz face punitive sanctions.
- About 20% of the world's seaborne crude oil and liquefied natural gas flows pass through the strategically vital Strait of Hormuz.
- Iran has offered or proposed fees for passage through the Strait as part of proposals or negotiations to end the war with the U.S. and Israel, but Washington rejects these tolls.
- The Treasury's Office of Foreign Assets Control sanctioned Iranian currency exchange houses and an oil tanker amid ongoing U.S.-Iran tensions.
58 Articles
58 Articles
The Toronto Star
US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz
DUBAI, United Arab Emirates (AP) — The United States is warning shipping companies that they could face sanctions for making payments to Iran to safely pass through the Strait of
US warns shippers of sanctions over paying tolls to Iran for Hormuz passage
The US Treasury has warned shippers that payments to Iran for safe passage through the Strait of Hormuz could invite sanctions. The alert says the risk applies even to indirect or nominally charitable transfers as Washington tightens pressure on Tehran.
Treasury Dept warns US shippers not to pay Hormuz tolls
The Treasury Department on Friday warned U.S. shippers that they could face sanctions if they have been found paying Iranian tolls to gain access through the Strait of Hormuz. The department’s Office of Foreign Assets Control (OFAC) released an advisory stating the U.S. is aware of Iranian demands for shipping vessels to pay tolls to...
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