The US affirmed that deals with Iran to safely sail through the Strait of Hormuz \u2014 even those which don\u2019t involve paying a toll \u2014 aren\u2019t allowed, as the conflict between the two nations grinds on.<\/p>\n
\u201cRegardless 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,\u201d the US Treasury said in an\u00a0updated statement<\/a>\u00a0dated May 29.\u00a0<\/p>\n Shipping<\/a> through Hormuz \u2014 the vital waterway that connects energy infrastructure inside the Persian Gulf to the rest of the world \u2014 has slowed to a trickle since the Iran war began on Feb. 28, sending the price of oil soaring. The White House has sent conflicting messages on the prospects for a deal with Iran, a pattern that continued on Friday.<\/p>\n Read more:\u00a0Americans Hurt in Kuwait as Trump Sends Mixed Signals on War \u00a0<\/a><\/p>\n Iran created a new entity called the Persian Gulf Strait Authority to \u201ccollect tolls and extort vessels transiting the Strait of Hormuz,\u201d Treasury said in the statement. The US Office of Foreign Assets Control has designated the PGSA \u201cpursuant to our counterterrorism authorities,\u201d and warned that having dealings with it carries sanctions risks.<\/p>\n While shipping has dramatically slowed through Hormuz, some vessels have made the crossing:\u00a0roughly<\/a>\u00a0one-quarter of the non-Iranian large oil tankers trapped inside the Persian Gulf at the outbreak of the Iran war have managed to slip out in a slow, stealthy trickle.<\/p>\n Read More:\u00a0Strait of Hormuz Ship Transits Are Rising Thanks to Help From US<\/a><\/p>\n Payments to \u2014 and guarantees from \u2014 the Iranian government or the Islamic Revolutionary Guard Corps for safe passage through the Strait of Hormuz would not be authorized, according to the statement.\u00a0<\/p>\n Subscribe to\u00a0Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world\u2019s most consequential regions, written for the people who need to act on it. Sign up here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The US affirmed that deals with Iran to safely sail through the Strait of Hormuz \u2014 even those…\n","protected":false},"author":2,"featured_media":467954,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,87,43,40,38,41,39],"class_list":["post-467953","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-iran","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/467953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=467953"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/467953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/467954"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=467953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=467953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=467953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}