Iran to pay ‘toll’ If given then no good: America gave strict warning to shipping companies, tension increased in Hormuz

US Warns Shipping Companies Iran Tolls: Amid the ongoing tension between the US and Iran, the Trump administration has taken a tough stance on maritime trade. The US Office of Foreign Assets Control (OFAC) has issued a warning to shipping companies around the world, saying that they will face heavy US sanctions if they make any payment to Iran for passage through the Strait of Hormuz.

Big risk for shipping companies

According to the alert issued by OFAC, American citizens and companies are completely banned from making payments to Iranian government entities. Additionally, non-US individuals and companies are also at risk of sanctions if they make payments to Iran. There is increased risk for all those involved in the maritime industry whose ships call at Iranian ports as they may become subject to a number of US sanctions targeting Iran’s shipping and port sector.

Trump rejected Iran’s proposal

This warning has come at a time when the President donald trump Has rejected the new proposal to end the Iran war. It is clear from Trump’s statement that the deadlock between the two sides is not going to end soon. America has clearly said that it will not end this war until an agreement is reached that can permanently stop Iran from making nuclear weapons.

Toll tax collection in Hormuz

On the other hand, Iran says that its nuclear program is completely peaceful. Although ceasefire is in force between the two countries since April 8, Strait of Hormuz But the dispute regarding control and nuclear project has deepened. Last month, Iran’s Deputy Speaker of the House Hamidreza Haji Babaei had claimed that Iran should pay ‘tolls’ imposed on ships passing through Hormuz. The first revenue has been received which has been deposited in the Central Bank.

Also read:- Alcohol crisis in Saudi ArabiaIran war stopped supplies, long queues formed outside the only shop in Riyadh

America’s eye on every type of payment

At the same time, American officials have said that they are keeping an eye on every means of payment to Iran. This includes not only cash, but also digital assets, offsets, informal swaps or payments made through Iranian embassies. OFAC has said that it will continue to impose strict sanctions on all major sources of income for Iran, such as trade in oil and related chemicals, in order to reduce Iran’s economic power.