On May 28, U.S. Treasury Secretary Scott Vesent stated on X (formerly Twitter) that "the U.S. government will not tolerate any attempts to implement a toll system in the Hormuz Strait." He specifically mentioned Oman, warning that "individuals and organizations that directly or indirectly support related activities could also be subject to sanctions."
Oman, a country bordering Iran across the Strait, has played a mediating role between the U.S. and Iran. The U.S. mentioning Oman publicly is seen as a measure to prevent any involvement by Oman in Iran's toll collection plans.
The U.S. has already designated Iranian organizations involved in this effort for sanctions. The Treasury Department classified the Persian Gulf Shipping Authority (PGSA), which Iran established to manage navigation in the Strait, as a funding mechanism for the Islamic Revolutionary Guard Corps (IRGC). According to the Treasury, the PGSA requires vessels to provide navigation permit information, mandates adherence to designated routes, and imposes fees.
Indirect payments are also at risk of sanctions. According to Reuters, the Treasury's Office of Foreign Assets Control (OFAC) previously warned that payments made in the form of charitable donations or indirect transfers are not permitted. This includes nominal donations or digital asset payments that could also be subject to penalties.
This warning comes amid ongoing discussions about extending the ceasefire between the U.S. and Iran and resuming navigation in the Strait. Reuters, citing sources, reported that both sides have agreed to a 60-day extension of the ceasefire and the lifting of navigation restrictions, although final confirmation from both countries is still pending.
* This article has been translated by AI.
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