OFAC warns that payments to Iran for Strait of Hormuz passage, including digital assets, risk triggering US sanctions for both US and non-US persons.

OFAC warns that payments to Iran for Strait of Hormuz passage, including digital assets, risk triggering US sanctions for both US and non-US persons.

Iran's new tiered Strait of Hormuz transit system prioritizes Russian and Chinese vessels, charges non-allies up to $2M, and accepts Bitcoin and crypto payments.