Any shipper paying tolls to Iran for passage through the Strait of Hormuz, including charitable donations to organizations such as the Iranian Red Crescent Society, is at risk of punitive sanctions, the U.S.
Any shipper paying tolls to Iran for passage through the Strait of Hormuz, including charitable donations to organizations such as the Iranian Red Crescent Society, is at risk of punitive sanctions, the U.S. Treasury warned on Friday.
The Strait of Hormuz is one of the world’s most strategically vital maritime routes, with about 20% of the world’s seaborne crude oil and liquefied natural gas flows passing through it.
Tehran has proposed fees or tolls on vessels passing through the Strait, as part of proposals to end the war with Israel and the United States.
The advisory, from Treasury's Office of Foreign Assets Control, said the U.S. is aware of Iranian demands for payments to receive safe passage through the Strait.
OFAC advised companies this week that paying the tolls puts them at risk, but clarified on Friday that payments disguised through charity or indirect payments are not allowed.
Treasury did not offer Reuters details on any countries or companies that have made such indirect payments. There have been reports of at least one payment of $2 million having been made for a vessel to traverse the Strait.
The warning came as Iran sent its latest proposal for negotiations with the
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