US warns shipping firms they could face sanctions for paying Iranian tolls in Strait of Hormuz
The US has warned shipping companies they could face sanctions for paying Iranian fees to pass through the Strait of Hormuz, which Iran has partially closed since the start of the conflict on February 28. The US Office of Foreign Assets Control emphasized that any form of payment to Iran for safe passage carries sanctions risks, regardless of the method used. The ongoing standoff continues to disrupt global trade and energy markets, with a fragile ceasefire currently in place.
- ▪The US Office of Foreign Assets Control issued a warning about sanctions risks for payments made to Iran for safe passage through the Strait of Hormuz.
- ▪Iran has been charging fees for safe passage through alternate routes near its shoreline after closing the strait following the start of hostilities on February 28.
- ▪The US imposed a naval blockade on Iran starting April 13, preventing Iranian tankers from exporting oil and affecting Iran's economy.
- ▪About 45 commercial ships have been turned around since the US naval blockade began.
- ▪President Trump rejected Iran’s latest peace proposal, criticizing the Iranian leadership as 'disjointed' and 'messed up.'
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World News US warns shipping firms they could face sanctions for paying Iranian tolls in Strait of Hormuz By Associated Press Published May 2, 2026, 4:58 a.m. ET The US is warning shipping companies that they could face sanctions for making payments to Iran to safely pass through the Strait of Hormuz. The alert posted Friday by the US Office of Foreign Assets Control adds another layer of pressure in the standoff between the US and Iran over control of the Strait of Hormuz. About a fifth of the world’s trade in oil and natural gas typically passes through the strait at the mouth of the Persian Gulf in peacetime. 4 Cargo ships near the Strait of Hormuz, as viewed from a rocky shoreline near Khor Fakkan, UAE, May 1, 2026.
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