FacebookTwitterEmailLinkedin The U.S. Office of Foreign Assets Control (OFAC) has issued new guidance reinforcing sanctions risks tied to Iran’s energy sector, including payments allegedly required for passage through the Strait of Hormuz, as well as trade involving Iranian crude. Payments for Strait of Hormuz passage deemed unauthorized OFAC confirmed that any payments made, directly or indirectly, to the Government of Iran or the Islamic Revolutionary Guard Corps (IRGC) for “safe passage” through the Strait of Hormuz are not authorized for U.S. persons, including U.S. financial institutions and U.S.-owned or controlled foreign entities. RelatedNews More than 12,000 vessels are already compliant with FuelEU South Korea condemns attack on HMM vessel “in the strongest terms” var jnews_module_21371777_0_6a01e23748308 = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21371777","include_category":"","exclude_category":"","include_author":"","include_tag":"4346,2339,903,2647,131","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_category":"","web_story_tag":"","sort_by":"latest","show_date":"","date_format":"default","date_format_custom":"Y\/m\/d","pagination_mode":"disable","pagination_nextprev_showtext":"","pagination_number_post":"2","pagination_scroll_limit":0,"ads_type":"disable","ad