"US Shipping Industry on High Alert as Treasury Department Issues Warning on Iranian Tolls The US Treasury Department has issued a stern warning to American shippers, cautioning that they may face severe sanctions if found to be paying Iranian tolls to access the critical Strait of Hormuz. The Strait, a vital waterway connecting the Persian Gulf to the Gulf of Oman, is a key route for global oil shipments. In a move that could have significant implications for the global economy, the Treasury Department's Office of Foreign Assets Control (OFAC) has released an advisory stating that US companies may be in violation of US sanctions if they comply with Iranian demands for toll payments. The warning comes as tensions between the US and Iran remain high, and raises questions about the impact on international trade and the global energy market."
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...
