U.S. Warns Shippers Paying Iran For Safe Passage Through Hormuz Could Face Sanctions

The U.S. issued a warning to shipping companies that any payment made to Iran for safe passage through the Strait of Hormuz could lead to sanctions. OFAC stated that both U.S. and non-U.S. entities could face penalties if they make such payments or seek guarantees from Iran for safe transit. The Strait of Hormuz is a critical shipping route, and any disruption could significantly impact global energy supplies.