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Fees for crossing the Strait of Hormuz. The US threatens consequences


Iran has been blocking Hormuz almost completely for over two months. The authorities in Tehran previously announced that they would charge a fee for crossing it.

The Office of Foreign Assets Control (OFAC) warned on Friday against paying tolls to Iran. The office emphasized that this may be considered as concluding transactions with the regime in Tehran and the Islamic Revolutionary Guard Corps (IRGC), which are subject to sanctions by the United States.

Read also: The US imposes new sanctions on Iranian oil. They threaten buying countries

OFAC warned that transactions involving passage through the waterway could expose companies and individuals to sanctions.

Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

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