Key insights
- The US has issued a stern warning to Oman against facilitating any toll system in the Strait of Hormuz, threatening penalties for involved parties. This geopolitical tension could impact oil prices and shipping routes, potentially creating supply chain disruptions and increasing energy costs, which may negatively affect US equity markets.
WASHINGTON, May 28 (Reuters) - The United States warned Oman on Thursday not to get directly or indirectly involved in any effort to impose a toll in the Strait of Hormuz, saying it will penalize any partners involved in such a system.
"The United States Government will not tolerate any effort to impose a tolling system in the Strait of Hormuz," U.S. Treasury Secretary Scott Bessent said in a post on X.
"Oman, in particular, should know that the U.S. Treasury will aggressively target any actors involved - directly or indirectly - in facilitating tolls for the Strait and any willing partners will be penalized," Bessent added.
(Reporting by Katharine Jackson and Ismail Shakil; Editing by Daphne Psaledakis)