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flag U.S. warns shipping firms against paying Iran for Strait of Hormuz passage to avoid sanctions.

flag The U.S. Treasury Department is warning international shipping companies that paying Iran for passage through the Strait of Hormuz could trigger severe U.S. sanctions. flag The department stated that U.S. persons are generally prohibited from conducting transactions with the Iranian government, including payments for safe passage, unless specifically authorized. flag The advisory comes amid growing concerns over Iran's attempts to impose tolls on vessels navigating the strategically vital waterway, which handles a significant portion of global oil shipments. flag The U.S. is urging compliance with sanctions to prevent enforcement actions against companies involved in such payments.

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