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U.S. says deals with Iran for safe Hormuz transit are prohibited

Jack Wittels· ·1 min read · 0 reactions · 0 comments · 36 views
U.S. says deals with Iran for safe Hormuz transit are prohibited
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The U.S. has stated that any agreements with Iran for safe passage through the Strait of Hormuz are prohibited. This includes arrangements that do not involve payment, as tensions between the two nations continue. The U.S. Treasury has warned that engaging with Iran's new Persian Gulf Strait Authority could lead to sanctions.

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Fortune · Jack Wittels
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Original publisherFortune
Canonical URLhttps://fortune.com/2026/05/30/us-treasury-ofac-deals-iran-safe-passage-strait-hormuz-irgc/
Publication timeSat, 30 May 2026 14:42:15 +0000
Retrieval time2026-05-30T15:34:38.710Z
Last seen2026-05-30T15:34:38.710Z
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Excerpt methodFirst ~120 words (~800 chars) of extracted publisher body, fair-use limited.
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ClusterqgXZ-jzaFg8J · 2 stories
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Substitutes article?No — link-out required for full text

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Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.

Opening excerpt (first ~120 words) tap to expand

The US affirmed that deals with Iran to safely sail through the Strait of Hormuz — even those which don’t involve paying a toll — aren’t allowed, as the conflict between the two nations grinds on.Recommended Video “Regardless of whether a payment is made, US persons are prohibited from receiving services from the Government of Iran, including services related to a guarantee of safe passage,” the US Treasury said in an updated statement dated May 29. Shipping through Hormuz — the vital waterway that connects energy infrastructure inside the Persian Gulf to the rest of the world — has slowed to a trickle since the Iran war began on Feb. 28, sending the price of oil soaring.

Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.

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