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US Says Deals With Iran for Safe Hormuz Transit Are Prohibited

The Treasury said U.S. persons cannot receive Iranian safe-passage services, and OFAC designated the Persian Gulf Strait Authority under counterterrorism authorities.

Summary by Financial Post
(Bloomberg) — 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.

6 Articles

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U.S. Bans Agreements with Iran for Strait of Hormuz Passage The U.S. government announced that it bans any agreements with Iran for the purpose of transiting the Strait of Hormuz, regardless of whether transit fees are paid. According to Bloomberg News on the 29th (local time), the U.S. Treasury Department stated in a statement that Americans [regarding] the payment of transit fees...

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Financial Post broke the news in Canada on Saturday, May 30, 2026.
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