Pay at your own risk: US threatens sanctions on Strait of Hormuz payments to Iran

The US has issued a warning that it may impose sanctions on payments through the Strait of Hormuz, targeting both US and non-US companies. This warning prohibits direct or indirect payments to the Iranian government or the IRGC, encompassing various payment methods including cash, cryptocurrency, and disguised donations. The Strait of Hormuz is a critical global energy chokepoint, making it a key strategic area for Iran.