U.S. says deals with Iran for safe Hormuz transit are prohibited
The U.S. has stated that any agreements with Iran for safe passage through the Strait of Hormuz are prohibited. This includes arrangements that do not involve payment, as tensions between the two nations continue. The U.S. Treasury has warned that engaging with Iran's new Persian Gulf Strait Authority could lead to sanctions.
- ▪The U.S. prohibits any deals with Iran for safe sailing through the Strait of Hormuz.
- ▪Shipping through Hormuz has significantly decreased since the onset of the Iran war, affecting global oil prices.
- ▪The U.S. Treasury has designated Iran's Persian Gulf Strait Authority as a target for counterterrorism sanctions.
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The US affirmed that deals with Iran to safely sail through the Strait of Hormuz — even those which don’t involve paying a toll — aren’t allowed, as the conflict between the two nations grinds on.Recommended Video “Regardless of whether a payment is made, US persons are prohibited from receiving services from the Government of Iran, including services related to a guarantee of safe passage,” the US Treasury said in an updated statement dated May 29. Shipping through Hormuz — the vital waterway that connects energy infrastructure inside the Persian Gulf to the rest of the world — has slowed to a trickle since the Iran war began on Feb. 28, sending the price of oil soaring.
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