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US warns shipping firms over paying Iran to transit the Strait of Hormuz

 

The U.S. Central Command on Saturday said 48 commercial ships have been told to turn back.

By The Associated Press

The United States is warning shipping companies they could face sanctions for paying Iran to pass safely through the Strait of Hormuz.

The U.S. Office of Foreign Assets Control alert on Friday adds pressure in the standoff over control of the strait at the mouth of the Persian Gulf, where about a fifth of the world’s trade in oil and natural gas typically passes.

Iran effectively closed the strait by attacking and threatening ships after the U.S. and Israel launched a war on Feb. 28. It later offered some ships safe passage via routes closer to its shore, charging fees at times.

The U.S. warns against transfers not only in cash but also in “digital assets, offsets, informal swaps, or other in-kind payments,” including charitable donations and payments at Iranian embassies.

The U.S. has responded with a naval blockade of Iranian ports since April 13, depriving Tehran of oil revenue it needs to shore up its ailing economy.

The U.S. Central Command on Saturday said 48 commercial ships have been told to turn back.

Trump rejects the latest Iranian proposal

U.S. President Donald Trump has rejected Iran’s latest proposal to end the war, saying on Friday that “I’m not satisfied with it, so we’ll see what happens,” without giving details.

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Iran’s state-run IRNA news agency said Tehran handed over its plan to mediators in Pakistan on Thursday night.

The shaky three-week ceasefire appears to be holding. Negotiations continued by phone after Trump called off his envoys’ trip to Pakistan last weekend, the president said.

Trump also has floated a new plan to reopen the Strait of Hormuz.