The U.S. warns shipping firms of potential sanctions for paying Iranian tolls in the Strait of Hormuz amid ongoing tensions.

The U.S. warns shipping firms of potential sanctions for paying Iranian tolls in the Strait of Hormuz amid ongoing tensions.

About a fifth of the world's trade in oil and natural gas typically passes through the Strait Of Hormuz.

The warning comes as President Donald Trump said he was "not excited" by Iran's latest proposal for a peace deal.

Ali Abdollahi warned that any foreign armed forces, especially the US army, would be targeted if they attempted to approach or enter the Strait of Hormuz