Huo Xing Finance reports that on May 30, the U.S. Department of the Treasury and the Office of Foreign Assets Control (OFAC) issued an updated statement explicitly prohibiting Americans from entering into any “safe passage” agreements with the Iranian government or the Islamic Revolutionary Guard Corps, even if no fees are involved. Iran has recently established the “Strait of Hormuz Authority” with the aim of charging vessels transiting the Strait of Hormuz a “toll” and providing security assurances. The U.S. has designated this entity as sanctioned, warning that any dealings with it carry a risk of sanctions. The U.S. Department of the Treasury emphasized: obtaining “safe passage assurance” services from Iran is prohibited regardless of payment. The U.S. continues to maintain a firm stance on sanctions against Iran and does not accept any form of “paid protection” or similar transactions. According to PolyBeats monitoring, on the prediction market Polymarket, the probability of uninterrupted navigation through the Strait of Hormuz before June 15 is 8%, and before the end of June is 34%.
U.S. Bans Americans from 'Safe Passage' Deals with Iran; Hormuz Strait Remains Unlikely to Reopen Soon
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Summary
On May 30, the U.S. Treasury and OFAC issued a new CFT directive, prohibiting Americans from engaging in any “safe passage” deals with Iran or the Islamic Revolutionary Guard Corps. The action targets Iran’s newly established “Persian Gulf Strait Authority,” which plans to impose tolls and security services on vessels transiting the Hormuz Strait. The U.S. has sanctioned the entity and warned against any business with it. On Polymarket, the probability of the Hormuz Strait reopening before June 15 is 8%, rising to 34% by the end of June. As global markets turn to safe-haven assets, the strait’s closure continues to fuel trade-related concerns.
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