US threatens shipping firms with sanctions if they pay Iran to transit the Strait of Hormuz
- Posted on May 2, 2026
- By Chicago Tribune
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- 1 min read
US threatens shipping firms with sanctions if they pay Iran to transit the Strait of Hormuz
The U.S. Office of Foreign Assets Control alert posted Friday adds pressure in the standoff between the U.S. and Iran over control of the strait at the mouth of the Persian Gulf, where about a fifth of the world’s trade in oil and…
