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This move comes amid escalating geopolitical tensions that threaten the stability of global energy supplies through vital maritime corridors. The United States has officially announced a prohibition on receiving any services from the Iranian government related to guaranteeing safe passage in the Strait of Hormuz. According to reports, this ban applies to all U.S. persons, preventing them from entering deals or obtaining maritime guarantees from Tehran regardless of payment status.
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Sign InThis regulatory enforcement aims to block Iran's attempts to monetize its control over the Strait through fees or its 'Hormuz Safe' insurance platform. The Strait of Hormuz is a critical artery through which approximately 20% of global oil consumption passes daily, per U.S. Energy Information Administration data. These restrictions coincide with inflationary pressures in the shipping sector, where war risk insurance premiums for tankers in the region have risen significantly over the past year due to frequent security incidents.
Traders are currently monitoring energy market reactions, as U.S. inventory data from the API showed a decrease of -2.8 million barrels as of May 27, 2026. On the economic front, the market is awaiting the U.S. GDP growth rate release scheduled for May 28, 2026, which may provide signals regarding global demand resilience in light of these geopolitical complications.
Update: Tehran has escalated its stance by finalizing a bill to formalize its authority over the Strait of Hormuz, which includes collecting navigation and environmental pollution fees. Iranian lawmaker Alireza Salimi stated that management of the waterway would be restricted to Iran and Oman, claiming preliminary Omani approval for the legislation and the creation of a regional development fund.