U.S. warns shipping firms they could face sanctions over paying Iranian tolls in Strait of Hormuz

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Cargo ships successful the Gulf, adjacent the Strait of Hormuz, arsenic seen from bluish Ras al-Khaimah, adjacent the borderline with Oman’s Musandam governance, amid the U.S.-Israeli struggle with Iran, successful United Arab Emirates. File | Photo Credit: Reuters

The United States is informing shipping companies that they could look sanctions for making payments to Iran to safely walk done the Strait of Hormuz.

The alert posted Friday (May 1, 2026) by the U.S. Office of Foreign Assets Control (OFAC) adds different furniture of unit successful the standoff betwixt the U.S. and Iran implicit power of the Strait of Hormuz.

About a 5th of the world's commercialized successful lipid and earthy state typically passes done the strait astatine the rima of the Persian Gulf successful peacetime.

Published - May 02, 2026 01:15 p.m. IST

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