U.S. warns shipping firms of sanctions if they pay Iranian tolls in the Strait of Hormuz

The United States has warned shipping companies that they could face sanctions for making payments to Iran to safely pass through the Strait of Hormuz. Iran has been charging fees to ships passing through the strait after the U.S. and Israel launched a war, prompting the U.S. to issue a sanctions warning. This is fueling global economic instability, particularly concerns about the energy market.