US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz
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Payment of Iranian tolls for safe passage through the strait could include “digital assets, offsets, informal swaps, or other in-kind payments”, said the US on Friday (May 1). DUBAI: The United States is warning shipping companies that they could face sanctions for making payments to Iran to safely pass through the Strait of Hormuz. The alert posted Friday (May 1) by the US Office of Foreign Assets Control adds another layer of pressure in the standoff between the US and Iran over control of
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