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May 2, 2026

US Warns Shipping Firms of Sanctions Over Iranian Toll Payments Amid Escalating Tensions

  • The U.S. Office of Foreign Assets Control issued a warning against payments to Iran for safe passage through the Strait of Hormuz, including various forms of payment like digital assets and in-kind contributions.
  • This warning follows Iran's aggressive actions in the strait, where it has threatened ships and charged fees for safe passage since the U.S. and Israel launched military actions.
  • Approximately 20% of global oil trade passes through this strait, making the U.S. sanctions warning significant for international trade.

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