Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates. File
| Photo Credit: Reuters
The United States is warning shipping companies that they could face sanctions for making payments to Iran to safely pass through the Strait of Hormuz.
The alert posted Friday (May 1, 2026) by the U.S. Office of Foreign Assets Control (OFAC) adds another layer of pressure in the standoff between the U.S. and Iran over control of the Strait of Hormuz.
Published – May 02, 2026 01:15 pm IST
