US warns shippers against paying Strait of Hormuz tolls, ‘donations’

Latest warning comes as Iranian state media reports Tehran has presented new peace proposal to US.The United States has warned that any shippers paying tolls or other fees to Iran for passage through the Strait of Hormuz risk being sanctioned.The warning on Friday comes as a US naval blockade of the strait continued for its third week, amid stalled US-Iran ceasefire talks. Iranian President Masoud Pezeshkian has called the ongoing siege on the country’s ports “intolerable”.Recommended Stories list of 3 itemslist 1 of 3Trump says ‘let them play’ after FIFA confirms Iran World Cup games in USlist 2 of 3Pentagon announces deal with seven AI companies for classified systemslist 3 of 3Has the US-Iran ceasefire reset the clock on War Powers Act deadline?end of listIran’s influence over, and ability to effectively close, the Strait of Hormuz emerged as a key point of leverage shortly after the US and Israel began launching attacks on Iran on February 28.About one-fifth of the global crude oil and liquefied natural gas maritime shipments pass through the arterial waterway.In its past proposals to end the war, Iran has proposed charging fees or tolls for vessels seeking to pass through the state. Washington has repeatedly rejected the prospect.The advisory from the Department of the Treasury’s Office of Foreign Assets Control said Iran may offer shippers fiat currency, digital assets, offsets, informal swaps, or other in-kind payments.It said those also included payments framed as charitable donations, including to the Iranian Red Crescent Society, Bonyad Mostazafan, or Iranian embassy accounts.“OFAC is issuing ‌this alert to warn US and non-US persons about the sanctions risks of making these payments to, or soliciting ‌guarantees ‌from, the Iranian regime for safe passage,” it said.“These risks exist regardless of payment method,” it said.Both the government of Iran and the International Revolutionary Guard Corps (IRGC) remain under US sanctions.