Saturday, May 2, 2026
36.1 C
New Delhi

US threatens sanctions if shipping firms pay Iran fees for Strait of Hormuz passage

US threatens sanctions if shipping firms pay Iran fees for Strait of Hormuz passage

.

The United States has warned shipping companies that they could face sanctions if they make payments to Iran for safe passage through the Strait of Hormuz. The alert, issued Friday by the US office of foreign assets control, comes amid rising tensions over control of the strategic waterway.The Strait of Hormuz, through which about a fifth of global oil and natural gas trade typically passes in peacetime, has been heavily disrupted. Iran has effectively restricted normal traffic after attacking and threatening ships following strikes launched by US and Israel on February 28.Iran later began offering some vessels safe passage by rerouting them closer to its shoreline and charging fees for the service. The US described this system as a “tollbooth” arrangement and said the payments are now the focus of its sanctions warning.The Office of Foreign Assets Control said payment demands could include cash, digital assets, offsets, informal swaps, in-kind payments, charitable donations, or payments at Iranian embassies. It added, “OFAC is issuing this alert to warn US and non-US persons about the sanctions risks of making these payments to, or soliciting guarantees from, the Iranian regime for safe passage. These risks exist regardless of payment method,” it said.In response to Iran’s actions, the US imposed a naval blockade on April 13, preventing Iranian tankers from leaving and cutting off oil revenue. The US Central Command said 45 commercial ships have been ordered to turn around since the blockade began.The escalation has further strained global energy markets, pushing up prices and causing shortages linked to oil supply routes passing through the region.As tensions continue, US President Donald Trump also rejected Iran’s latest proposal to end the conflict.“They want to make a deal, I’m not satisfied with it, so we’ll see what happens,” Trump said Friday at the White House. He also said, “It’s a very disjointed leadership,” and added, “They all want to make a deal, but they’re all messed up.”Iran’s state-run IRNA news agency reported that the proposal was delivered to mediators in Pakistan on Thursday night. Talks between the two sides have continued through indirect channels, even as both accuse each other of violating a fragile ceasefire.

Go to Source

Hot this week

India allows ‘force majeure’ relief for contracts hit by West Asia crisis

India on Saturday gave major relief to government contractors affected by the ongoing crisis in West Asia. The government allowed companies to use ‘force majeure’ clause in their contracts. Read More

Feeling hot-headed this summer? You’re not alone. Science explains why

This image is used for representation purpose only (AI-generated) Have you ever noticed your mood shifting on days when the heat feels almost unbearable? Read More

Bengaluru’s Most Hated Traffic Jam Creates History, Becomes South India’s First…

Bengaluru Feat: Where cars once crawled for hours, engineers now stack a metro above a highway — built floor by floor, only between midnight and 5 AM, every single night. Read More

Too Loud For The Coop? UP DJs Get Notices After 140 Chickens Die Due To High-Decibel Music

While it may sound unusual, experts say birds are highly sensitive to sound and stress, noting that sudden or sustained loud noise can trigger panic responses Go to Source Read More

Trishala Dutt says acting was never her passion, calls Sanjay Dutt a regular dad

Trishala Dutt opened up about her earlier desire to enter Bollywood, attributing it to a yearning for a deeper bond with her father, Sanjay Dutt, rather than a true love for acting. Read More

Topics

India allows ‘force majeure’ relief for contracts hit by West Asia crisis

India on Saturday gave major relief to government contractors affected by the ongoing crisis in West Asia. The government allowed companies to use ‘force majeure’ clause in their contracts. Read More

Feeling hot-headed this summer? You’re not alone. Science explains why

This image is used for representation purpose only (AI-generated) Have you ever noticed your mood shifting on days when the heat feels almost unbearable? Read More

Bengaluru’s Most Hated Traffic Jam Creates History, Becomes South India’s First…

Bengaluru Feat: Where cars once crawled for hours, engineers now stack a metro above a highway — built floor by floor, only between midnight and 5 AM, every single night. Read More

Too Loud For The Coop? UP DJs Get Notices After 140 Chickens Die Due To High-Decibel Music

While it may sound unusual, experts say birds are highly sensitive to sound and stress, noting that sudden or sustained loud noise can trigger panic responses Go to Source Read More

Trishala Dutt says acting was never her passion, calls Sanjay Dutt a regular dad

Trishala Dutt opened up about her earlier desire to enter Bollywood, attributing it to a yearning for a deeper bond with her father, Sanjay Dutt, rather than a true love for acting. Read More

Radhikka Madan’s ‘Sanaa’ may finally release this year after long delay

Fans of Radhikka Madan can finally breathe a sigh of relief as her much-awaited movie ‘Sanaa’ is set to hit theaters this year after facing numerous delays. Read More

Salman Ali Agha Reignites IND-PAK No Handshake Row, Drops Inside Story On Snub

Show Quick Read Key points generated by AI, verified by newsroom Pakistan captain learned of no-handshake protocol pre-toss. Officials informed him of the decision just before toss. Read More

Karnataka Hotels Seek GST Cut On Commercial LPG As Prices Surge Rs 993, Threaten Food Costs

Show Quick Read Key points generated by AI, verified by newsroom Hotels urge government to cut GST on LPG cylinders. Commercial LPG price surged significantly in recent months. Read More

Related Articles