US threatens sanctions over Hormuz tolls

 The US Treasury's Office of Foreign Assets Control (OFAC) warned on Friday that shipping companies could face sanctions risk if they make "toll" payments demanded by Iran for safe passage through the Strait of Hormuz.

OFAC said the warning applies to US and non-US persons and covers payments in fiat currency, digital assets, offsets, informal swaps, and in-kind arrangements, including donations routed through Iranian-linked entities. The agency said US persons are generally barred from transactions with Iran's government and the Islamic Revolutionary Guard Corps, and from dealing with blocked Iranian digital asset exchanges unless authorized.

"Maritime industry participants involved with vessels calling at Iranian ports face significant sanctions risk under multiple sanctions authorities targeting Iran’s shipping sector and ports, and OFAC will continue to aggressively target Iran’s main revenue-generating sectors," the government office said.

https://breakingthenews.net/Article/US-threatens-sanctions-over-Hormuz-tolls/66202234