US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz - Diina Dubai - Your Intuitive Insights to everything Local

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Author name: gulftoday

US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz

date May 02, 2026

the alert posted by the US Office of Foreign Assets Control adds another layer of pressure in the standoff between the US and Iran over control of the Strait of Hormuz. about a fifth of the world's trade in oil and natural gas typically passes through the strait at the mouth of the Arabian Gulf in peacetime.

Source: gulftoday.ae

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