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Sat, May

U.S. Warns Shippers Paying Iran For Safe Passage Through Hormuz Could Face Sanctions

U.S. Warns Shippers Paying Iran For Safe Passage Through Hormuz Could Face Sanctions

Marine Insight
U.S. Warns Shippers Paying Iran For Safe Passage Through Hormuz Could Face Sanctions
hormuz
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The United States has warned shipping companies that any payment made to Iran for safe passage through the Strait of Hormuz could lead to sanctions, even if the money is routed through charities or indirect channels.

The warning was issued by the Office of Foreign Assets Control (OFAC), which said both U.S. and non-U.S. entities could face penalties if they make such payments or seek guarantees from Iran for safe transit.

It added that the risk remains the same regardless of how the payment is structured.

The Strait of Hormuz is one of the world’s most important shipping routes, with about 20% of global seaborne crude oil and liquefied natural gas passing through it.

Any issue in this narrow waterway can directly affect global energy supply and freight movement.

According to the advisory, Iran has been asking vessels to pay for safe passage through the strait.

These demands may come in different forms, including cash payments, digital

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