The United States threatens to sanction shipping companies that pay tolls to Iran

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Golden Finance reports that on May 3rd, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) warned on May 1st local time that any shipping company paying tolls through the Strait of Hormuz, including charitable donations, could be subject to U.S. sanctions.
On April 28th, OFAC issued a document stating that the United States prohibits its own individuals or entities from paying tolls for the Strait of Hormuz to Iran, and that non-U.S. individuals or entities paying such tolls to Iran also pose significant sanction risks.
The office stated on May 1st that Iran’s payment requests may include not only cash transfers but also digital assets, debt offsets, informal exchanges, or other physical payments, including charitable donations to the Iranian Red Crescent or Iranian embassies.
Any individual or entity, regardless of the method, that makes payments to Iran could face U.S. sanctions. It is currently unclear whether any companies or countries have engaged in such indirect payments.
It is reported that at least $2 million was paid by an entity to Iran to enable a ship to pass through the Strait of Hormuz. OFAC also announced new sanctions against three Iranian foreign exchange agencies. (Jin10)

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