Strait of Hormuz : US threatens shipping firms with sanctions if they pay Iran tolls

The US Office of Foreign Assets Control (OFAC) warned on Friday that shipping companies face sanctions if they pay Iran tolls for safe passage through the Strait of Hormuz, where traffic has severely declined since February and the US has enforced a naval blockade on Iranian ports. Iran's deputy parliamentary speaker claimed the country has begun collecting toll revenue, but the warning extends to non-US entities and covers payments in cash, digital assets, or in-kind transfers, with OFAC pledging to "aggressively target Iran's main revenue-generating sectors."