These Terms & Disclaimer govern the use of the Hormuz Group website, content, directories, research materials, market intelligence, articles, data pages, and related communications.

By accessing or using this website, users agree to these Terms & Disclaimer. If a user does not agree, they should not use the website.

Hormuz Group may update these Terms & Disclaimer from time to time. The updated version will be posted on this page with a revised “Last updated” date.

1. About Hormuz Group

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

The website provides research, public-market interpretation, structured directories, regional intelligence, articles, and related business information.

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

Unless expressly agreed in a separate written agreement, use of this website does not create any client, advisory, fiduciary, legal, investment, brokerage, agency, partnership, or confidential relationship between the user and Hormuz Group.

2. Informational Use Only

All content on this website is provided for general informational, research, and educational purposes only.

The content is intended to help users understand markets, industries, infrastructure, regional dynamics, and investment-related conditions. It is not intended to provide personalized advice or a recommendation for any specific transaction, investment, company, asset, market, security, project, partner, or jurisdiction.

Users should not rely on the website as the sole basis for making investment, legal, commercial, tax, regulatory, sanctions, operational, or financial decisions.

Any decision made by a user based on website content is made at the user’s own risk.

3. No Investment Advice

Nothing on this website constitutes investment advice, financial advice, securities advice, portfolio advice, trading advice, or a recommendation to buy, sell, hold, finance, structure, enter, exit, or avoid any investment, asset, security, company, project, market, or transaction.

References to companies, sectors, industries, markets, infrastructure, commodities, regions, risks, opportunities, or public-market signals are provided for research and informational purposes only.

Hormuz Group does not assess the suitability of any investment for any user. Users are responsible for obtaining advice from qualified and licensed professionals before making any investment or financial decision.

Past performance, public-market behavior, asset visibility, valuation gaps, shortage signals, regional trends, or macroeconomic conditions should not be interpreted as indicators of future results.

4. No Legal, Tax, Sanctions, or Regulatory Advice

Nothing on this website constitutes legal, tax, accounting, sanctions, compliance, regulatory, customs, licensing, immigration, corporate-structuring, or government-relations advice.

Iran-related business activity may involve complex legal, sanctions, banking, regulatory, political, currency, ownership, tax, import-export, customs, and operational issues.

Users must obtain independent advice from qualified legal, tax, sanctions, compliance, accounting, and regulatory professionals before entering into any transaction or business activity related to Iran or any other jurisdiction.

Hormuz Group does not guarantee that any activity, transaction, counterparty, company, route, sector, payment structure, trade flow, or business arrangement is legally permitted in any jurisdiction.

5. No Offer or Solicitation

Nothing on this website constitutes an offer, solicitation, invitation, placement, promotion, underwriting, distribution, or recommendation to purchase, sell, subscribe to, invest in, finance, lend to, partner with, or otherwise transact in any security, company, fund, asset, project, service, commodity, real estate interest, business, or investment opportunity.

Any future service, introduction, research product, report, or business engagement offered by Hormuz Group will be subject to separate terms, scope, limitations, and, where required, separate agreements.

6. Market and Investment Risk

Users acknowledge that markets and business environments discussed on this website may involve significant risks, including but not limited to:

• Currency volatility
• Inflation
• Sanctions and compliance restrictions
• Banking and payment limitations
• Political and geopolitical risk
• Regulatory uncertainty
• Liquidity risk
• Ownership and title risk
• Counterparty risk
• Data-quality risk
• Operational and execution risk
• Import, export, customs, and logistics constraints
• Energy, water, infrastructure, and supply-chain limitations
• Legal enforceability issues
• Changes in laws, policies, or enforcement practices

No content on this website guarantees profit, capital preservation, transaction success, legal certainty, regulatory approval, financing availability, market access, liquidity, or business continuity.

Users are responsible for conducting independent due diligence before making any decision.

7. Sanctions and Compliance Risk

Iran-related markets, companies, transactions, counterparties, sectors, products, infrastructure, payments, logistics routes, technology transfers, and services may be subject to sanctions, export controls, financial restrictions, and other compliance obligations.

Users are solely responsible for determining whether their use of information, communication with counterparties, investment activity, trade activity, or business conduct is permitted under applicable laws and regulations.

Hormuz Group does not screen, approve, clear, authorize, certify, or validate any user, counterparty, transaction, company, asset, route, project, sector, or activity for sanctions or compliance purposes unless expressly agreed in a separate written engagement.

Information on this website should not be treated as a sanctions clearance, legal opinion, regulatory approval, compliance review, or transaction authorization.

8. Data Accuracy and Verification

Hormuz Group aims to provide useful, structured, and carefully developed market intelligence. However, the website may include information derived from public sources, third-party sources, official publications, market data, company materials, maps, news, reports, databases, user submissions, and internal analysis.

We do not guarantee that any content is complete, current, accurate, verified, reliable, or suitable for any specific purpose.

Some information may be incomplete, outdated, estimated, interpreted, or subject to change. Infrastructure status, company activity, ownership, sanctions exposure, licensing, operational capacity, project phase, location data, regulatory treatment, and market relevance may change without notice.

Users should independently verify all information before relying on it.

Where Hormuz Group uses labels such as “basic,” “reviewed,” “verified,” “active,” “operational,” “strategic,” “high relevance,” or similar terms, these labels are internal research classifications and should not be treated as official certifications, legal conclusions, investment ratings, or guarantees.

9. Directories, Listings, and Profiles

The website may include directories, profiles, or pages related to companies, provinces, cities, infrastructure, ports, free zones, industrial zones, mines, sectors, markets, challenges, projects, or other entities.

Inclusion in a directory or profile does not mean that Hormuz Group:

• Endorses the entity
• Recommends the entity
• Has verified all information about the entity
• Has a commercial relationship with the entity
• Confirms the entity’s legal, financial, operational, sanctions, or regulatory status
• Confirms that the entity is suitable for investment, partnership, trade, acquisition, financing, or any transaction

Directory content is intended to help users map and understand the investment-intelligence landscape. It is not a substitute for due diligence.

10. Research Methodology and Interpretation

Hormuz Group may use analytical frameworks, thematic classifications, regional groupings, market signals, shortage indicators, infrastructure mapping, public-market interpretation, and sector-based reasoning.

These frameworks are interpretive tools. They are not predictions, guarantees, ratings, official classifications, legal determinations, or investment recommendations.

Users should understand that market intelligence involves judgment, uncertainty, and changing conditions. Different analysts, institutions, investors, or advisers may reach different conclusions based on the same information.

11. Public Sources and Third-Party Information

Hormuz Group may refer to or rely on public information, third-party data, official sources, market publications, company statements, exchange data, media reports, maps, government materials, industry reports, and other external resources.

Hormuz Group does not control third-party information and does not guarantee its accuracy, completeness, availability, legality, or continued accessibility.

A link, citation, reference, mention, or source note does not imply endorsement or approval by Hormuz Group or by the referenced party.

Users are responsible for reviewing the original source and assessing its reliability.

12. External Links

The website may contain links to third-party websites, including company websites, public institutions, exchanges, government sources, research reports, maps, news sources, and other external resources.

Hormuz Group is not responsible for the content, accuracy, privacy practices, security, reliability, or availability of external websites.

Users access external websites at their own risk.

13. User Submissions and Communications

Users may submit information through contact forms, subscription forms, email, or other communication channels.

By submitting information, users confirm that they have the right to provide that information and that it is accurate to the best of their knowledge.

Users should not submit confidential, legally privileged, commercially sensitive, classified, restricted, sanctions-sensitive, or highly sensitive personal information through public website forms.

Unless separately agreed in writing, submitting information to Hormuz Group does not create a confidential, advisory, legal, investment, fiduciary, brokerage, agency, or client relationship.

Hormuz Group may use submitted business inquiries to evaluate and respond to the inquiry, maintain communication records, and improve its services, subject to its Privacy Policy.

14. Intellectual Property

Unless otherwise stated, all content on this website, including text, articles, research, graphics, design elements, classifications, taxonomies, data structures, page layouts, logos, branding, charts, summaries, and other materials, is owned by or licensed to Hormuz Group.

Users may access and use the content for personal, internal, research, or informational purposes.

Users may not, without prior written permission from Hormuz Group:

• Copy substantial portions of the website
• Republish full articles or database pages
• Scrape, crawl, or extract data at scale
• Create competing databases or directories using Hormuz Group content
• Sell, license, redistribute, or commercially exploit the content
• Remove attribution or source references
• Use Hormuz Group branding in a misleading way

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

15. Permitted and Prohibited Use

Users agree to use the website lawfully and responsibly.

Users may not:

• Use the website for unlawful, fraudulent, abusive, or misleading purposes
• Attempt to gain unauthorized access to the website, server, systems, or data
• Interfere with website functionality or security
• Upload or transmit malware, spam, or harmful code
• Misrepresent Hormuz Group content as official government, legal, regulatory, or investment advice
• Use the website to evade sanctions, export controls, financial restrictions, or legal obligations
• Use the website in a way that violates applicable laws or third-party rights
• Scrape, harvest, or extract content in a manner that harms the website or violates these terms

Hormuz Group may restrict, block, or terminate access to users who misuse the website.

16. No Warranties

The website and all content are provided on an “as is” and “as available” basis.

Hormuz Group makes no warranties, express or implied, regarding:

• Accuracy
• Completeness
• Timeliness
• Reliability
• Availability
• Fitness for a particular purpose
• Non-infringement
• Security
• Error-free operation
• Suitability for investment, legal, commercial, compliance, or financial decisions

Hormuz Group does not warrant that the website will always be available, uninterrupted, secure, or free from errors, viruses, or harmful components.

17. Limitation of Liability

To the maximum extent permitted by applicable law, Hormuz Group, its founders, team members, contributors, partners, contractors, affiliates, and service providers shall not be liable for any direct, indirect, incidental, consequential, special, punitive, exemplary, or economic damages arising from or related to:

• Use of the website
• Reliance on website content
• Errors, omissions, or inaccuracies
• Outdated or incomplete information
• Investment, business, legal, tax, compliance, or operational decisions
• Market losses or missed opportunities
• Transaction failures
• Sanctions, regulatory, or legal consequences
• Third-party websites or information
• Website downtime, technical issues, or security incidents

Users are solely responsible for their own decisions and actions.

Some jurisdictions do not allow certain limitations of liability. In such cases, liability will be limited to the maximum extent permitted by applicable law.

18. Future Services

Hormuz Group may develop or offer additional services in the future, including research reports, verification services, partner search, market-entry support, due diligence coordination, investor readiness services, or other business services.

Such services may be subject to separate agreements, scopes of work, fees, limitations, eligibility requirements, compliance checks, or additional terms.

Nothing on the current website obligates Hormuz Group to provide any future service or to accept any user, company, investor, partner, or project.

19. Privacy

Use of the website is also subject to the Hormuz Group Privacy Policy.

The Privacy Policy explains how Hormuz Group may collect, use, store, and process personal information submitted through the website or collected through technical website usage.

Users should review the Privacy Policy before submitting personal information.

20. Changes to Website Content

Hormuz Group may update, modify, remove, reorganize, suspend, or discontinue any content, page, directory, classification, feature, service, or section of the website at any time without notice.

Hormuz Group is not obligated to keep any content available or to update outdated content.