These Terms & Disclaimer apply to the Hormuz Group website, user accounts, research, directories, market data, analytical tools, AI-assisted reports, Hormuz Desk, Hormuz Watch, and related communications.

By accessing or using Hormuz services, users agree to these Terms. Users who do not agree should not use the services.

1. About Hormuz Group

Hormuz Group is an investment-intelligence platform focused on Iran-related markets, industries, companies, infrastructure, regions, risks, and business opportunities.

Hormuz provides public research, structured directories, market interpretation, monitoring tools, AI-assisted analysis, private workspaces, and related business-support services.

Hormuz Group is not a bank, broker, investment adviser, law firm, accounting firm, tax adviser, sanctions adviser, exchange, fund manager, or regulated financial institution.

Unless expressly agreed in a separate written agreement, use of Hormuz does not create a client, advisory, fiduciary, legal, brokerage, agency, partnership, investment-management, or professionally confidential relationship.

2. Informational Use Only

All Hormuz content, data, reports, scores, comparisons, assessments, alerts, and analytical outputs are provided for informational, research, and educational purposes.

Nothing provided by Hormuz constitutes:

• Investment or financial advice
• Legal, tax, accounting, sanctions, or regulatory advice
• A recommendation to enter or avoid a transaction
• An offer or solicitation to buy, sell, finance, or invest
• A guarantee regarding a company, project, market, partner, or opportunity

Users must make their own decisions and obtain advice from appropriately qualified professionals where necessary.

Hormuz content should not be used as the sole basis for an investment, commercial, legal, compliance, or financial decision.

3. Market, Legal, and Sanctions Risk

Iran-related business and investment activity may involve significant risks, including:

• Currency volatility and inflation
• Political and geopolitical developments
• Sanctions and export controls
• Banking and payment restrictions
• Regulatory uncertainty
• Counterparty and ownership risk
• Data limitations
• Liquidity and execution risk
• Import, export, customs, and logistics constraints
• Infrastructure, energy, water, and supply-chain limitations

Users are solely responsible for determining whether their actions, transactions, communications, or business activities are lawful in the relevant jurisdictions.

Hormuz does not provide sanctions clearance, regulatory approval, legal authorization, or confirmation that a user, company, route, payment method, transaction, or project is permitted.

4. AI-Assisted Tools and Reports

Some Hormuz services use artificial intelligence to analyse, summarize, compare, classify, score, or generate reports.

AI-assisted outputs may include assessments, comparisons, valuations, risk indicators, summaries, suggested next steps, and other analytical results.

These outputs may contain errors, incomplete information, estimates, assumptions, or outdated material. They are not official valuations, certifications, legal opinions, investment ratings, or guarantees.

Users are responsible for independently reviewing and verifying all AI-generated outputs before relying on them.

Hormuz may change the models, providers, methodology, prompts, scoring systems, or technical infrastructure used to generate results.

Hormuz does not guarantee that an AI request will always be completed or that a previous report will remain permanently available.

5. Accounts and Access

Some Hormuz features require an account.

Users are responsible for:

• Providing accurate account information
• Protecting access to their email, Google account, Telegram account, device, and active sessions
• All activity performed through their account
• Not sharing access in a way that enables misuse
• Promptly reporting suspected unauthorized access

Hormuz may apply usage limits to accounts, tools, reports, or AI processing.

Users may not create multiple accounts, automate requests, manipulate technical systems, or use another person’s account to bypass limits or restrictions.

Hormuz may suspend, restrict, or close an account where necessary to address misuse, security risks, unlawful activity, non-payment under a separate engagement, or violation of these Terms.

6. Hormuz Desk and Project Engagements

Hormuz Desk allows users to submit private business requests, project information, messages, and files.

Desk content is handled in accordance with the Hormuz Privacy Policy and is not published publicly unless separately authorized.

Opening a Desk case does not require Hormuz to accept the project, provide a service, identify a counterparty, complete a transaction, or produce a particular outcome.

If Hormuz agrees to undertake a paid project, advisory assignment, research engagement, introduction, or other professional service, the scope, fee, payment terms, responsibilities, and limitations may be set out separately in a proposal, invoice, written confirmation, or agreement.

Unless separately agreed, no fee is charged merely for creating a Hormuz account or accessing publicly available content and tools.

A project fee does not guarantee investment, financing, regulatory approval, transaction completion, partnership, market access, or commercial success.

7. User Submissions and Files

Users may submit information through forms, analytical tools, Hormuz Desk, email, Telegram, or other communication channels.

Users retain ownership of information and files they submit.

By submitting content, users give Hormuz permission to process, store, reproduce, organize, and use that content as reasonably necessary to:

• Provide the requested service
• Generate reports or analysis
• Operate the user’s account
• Respond to the request
• Maintain security and technical functionality

Users confirm that they have the right to submit the information and that doing so does not violate law, confidentiality obligations, intellectual-property rights, or third-party rights.

Users should not submit passwords, private keys, payment credentials, classified information, unnecessary identity documents, or highly sensitive third-party information.

Hormuz may remove or refuse content that appears unlawful, harmful, misleading, excessively sensitive, or unrelated to the service.

8. Data Accuracy and Third-Party Sources

Hormuz may use public sources, company materials, official publications, exchanges, databases, market-data providers, media reports, maps, research, user submissions, and third-party services.

We aim to provide useful and structured information, but do not guarantee that any content is complete, current, accurate, verified, or suitable for a particular purpose.

Company ownership, operational status, infrastructure capacity, licences, sanctions exposure, market conditions, prices, regulations, and project status may change without notice.

Labels such as “verified,” “reviewed,” “strategic,” “active,” “high relevance,” or similar terms are internal analytical classifications. They are not official certifications, legal conclusions, credit ratings, or investment recommendations.

Users should independently verify material information before relying on it.

9. Directories and Profiles

Hormuz may publish profiles or directories relating to companies, markets, infrastructure, provinces, cities, industries, projects, and other entities.

Inclusion does not mean that Hormuz:

• Endorses or recommends the entity
• Has verified every statement about it
• Has a commercial relationship with it
• Confirms its legal, financial, operational, or sanctions status
• Confirms that it is suitable for investment, trade, partnership, or acquisition

Directory information is intended for research and market mapping and is not a substitute for due diligence.

10. Intellectual Property

Unless otherwise stated, the Hormuz website, branding, research, articles, reports, designs, databases, taxonomies, classifications, scoring systems, analytical frameworks, prompts, page structures, and other materials are owned by or licensed to Hormuz Group.

Users may use Hormuz content for personal, internal, research, and informational purposes.

Users may not, without prior written permission:

• Republish substantial portions of Hormuz content
• Scrape or extract data at scale
• Create a competing directory, database, tool, or service from Hormuz content
• Sell, sublicense, redistribute, or commercially exploit Hormuz materials
• Remove attribution
• Present Hormuz content as their own
• Use Hormuz branding in a misleading manner

Short quotations may be used with appropriate attribution and a link to the original page where permitted by law.

Reports generated for a user may generally be used for that user’s internal business or research purposes. This does not transfer ownership of Hormuz methodologies, templates, software, frameworks, or underlying platform technology.

11. Acceptable Use

Users may not:

• Use Hormuz for unlawful, fraudulent, abusive, or misleading purposes
• Attempt unauthorized access to accounts, systems, servers, or data
• Interfere with website security or functionality
• Upload malware, spam, or harmful code
• Misrepresent Hormuz outputs as official legal, government, regulatory, or investment advice
• Use Hormuz to evade sanctions, export controls, or legal obligations
• Violate intellectual-property or privacy rights
• Scrape, automate, overload, reverse-engineer, or manipulate the service
• Resell account access or circumvent usage limits

Hormuz may restrict access where reasonably necessary to protect the platform, users, third parties, or legal interests.

12. Service Availability

Hormuz services are provided on an “as is” and “as available” basis.

We may update, modify, suspend, remove, or discontinue any page, dataset, feature, tool, model, report, usage limit, or service.

Hormuz does not guarantee:

• Continuous or uninterrupted availability
• Error-free operation
• Permanent storage of reports or files
• Compatibility with every device or service
• Availability of any particular AI model or provider
• That every request or Desk case will be accepted or completed

Users should retain independent copies of important reports and files.

13. External Services and Links

Hormuz may link to or integrate with third-party services such as Google, Telegram, AI providers, exchanges, government sources, company websites, maps, research databases, and market-data services.

Hormuz does not control and is not responsible for the content, availability, security, accuracy, privacy practices, or actions of third-party services.

Use of third-party services may be subject to their own terms and policies.

14. No Warranties

To the maximum extent permitted by law, Hormuz makes no express or implied warranties regarding:

• Accuracy or completeness
• Timeliness or reliability
• Availability or security
• Fitness for a particular purpose
• Non-infringement
• Business, legal, investment, or commercial outcomes

Hormuz does not guarantee profit, capital preservation, transaction completion, regulatory approval, market access, financing, liquidity, counterparty performance, or business continuity.

15. Limitation of Liability

To the maximum extent permitted by applicable law, Hormuz Group and its founders, team members, contributors, contractors, affiliates, and service providers will not be liable for losses or damages arising from:

• Use of or reliance on Hormuz content or tools
• Errors, omissions, estimates, or outdated information
• AI-generated outputs
• Investment, business, legal, compliance, or operational decisions
• Market losses or missed opportunities
• Failed transactions or counterparties
• Sanctions, regulatory, tax, or legal consequences
• Loss of saved reports or account content
• Technical interruptions or third-party services
• Unauthorized access beyond Hormuz’s reasonable control

Users remain responsible for their own decisions, due diligence, and actions.

Where liability cannot legally be excluded, it will be limited to the maximum extent permitted by law.

16. Privacy

Use of Hormuz is also subject to the Hormuz Group Privacy Policy, which explains how personal information, account data, submitted content, analytics, and connected-service information may be processed..

17. Changes to These Terms

Hormuz may update these Terms as its services, technology, or legal obligations change.

The latest version will be published on this page with a revised “Last updated” date.

Continued use of Hormuz after an update means the revised Terms apply from their effective date.