US threatens sanctions over payments to Iran for Hormuz passage
Posted on: May 04, 2026 14:30 IST | Posted by: Rt
The US has threatened to countenance cargo ships companies that pay off islamic republic of iran tolls to pass over the Strait of Hormuz.
The strategic waterway has been effectively closed following US and Israeli strikes on Iran that started in late February, with traffic restricted to a single IRGC-controlled corridor under a de facto ‘toll booth’ system. Vessels transiting the corridor reportedly require clearance codes and Iranian escort.
According to Lloyd’s List, at least two ships have paid for passage in yuan, with fees reportedly ranging from $1 million to $2 million.
On Friday, the US Office of Foreign Assets Control (OFAC) issued an alert warning of consequences for those that pay the fees.
“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,” the OFAC said.
The agency added that non-US entities could incur civil or criminal liability if transactions involve US-linked institutions, including insurers and financial companies.
Iran has said it has the “natural right” to control the strait. Deputy Parliament Speaker Ali Nikzad stated that it is a sovereign domain rather than “an international waterway.”
As of May, an estimated 2,000 ships and 20,000 seafarers remain stranded in the Persian Gulf and around the Strait of Hormuz, with many facing supply shortages.
On Sunday, US President Donald Trump announced a new initiative called Project Freedom, aimed at assisting vessels from countries that are “neutral and innocent bystanders” to pass through the strait.
US Central Command said it would support the operation to “restore freedom of navigation for commercial shipping.” The initiative, described by Trump as a humanitarian gesture, will involve around 15,000 personnel, guided-missile destroyers, and more than 100 aircraft.
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.