No payments to Iran or face sanctions: US warns shippers

The US Treasury has warned shipping companies that paying tolls to Iran for passage through the Strait of Hormuz will trigger punitive sanctions, marking a significant escalation in US pressure on the regime. The Treasury is targeting Iran’s ‘shadow banking’ network to prevent the IRGC from receiving financial support. This move aims to disconnect the IRGC from the international financial system and compel Tehran to return to negotiations.