Shipping Firms Could Face Sanctions For Paying Iran To Transit The Strait Of Hormuz, U.S. Warns

The United States has warned shipping companies that they could face sanctions for making payments to Iranian companies involved in transit through the Strait of Hormuz. Iran has been charging fees for ships passing through routes closer to its shore since closing the strait, escalating tensions between the U.S. and Iran. The U.S. naval blockade of Iranian ports further exacerbates Iran’s economic difficulties.