Treasury Department tells US ships not to pay Hormuz tolls to Iran
Summary
The U.S. Treasury Department warned American shipping companies not to pay tolls to Iran for passing through the Strait of Hormuz. They said companies could face penalties if they make these payments, as Iran is demanding tolls for ships to navigate this key waterway.Key Facts
- The Treasury Department issued a warning on Friday.
- The warning targets U.S. shipping companies that pay tolls to Iran.
- The tolls are demanded by Iran for ships passing through the Strait of Hormuz.
- The Office of Foreign Assets Control (OFAC) released the advisory.
- U.S. shippers could face sanctions if they pay these tolls.
- The Strait of Hormuz is an important shipping route.
- The advisory reflects concerns over Iran’s control of this passage.
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