OFAC Sanctions Network Supporting Iranian Oil Sales
The Office of Foreign Assets Control this week sanctioned dozens of people, entities and ships that are helping to move and sell oil for the Iranian government and fund its military. The designations target companies and people in the United Arab Emirates, Panama, Greece, India, Germany and other countries, and six ships flying the flags of Panama, Gambia and Palau for providing logistics services for the sales, acting as front companies for the sales, helping to charter vessels and more.
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OFAC also sanctioned people connected to the Sepehr Energy Jahan Nama Pars Company, an entity designated in 2023 for helping to facilitate Iranian oil sales (see 231129003), and Iran-based Yazd International Airways Company, a subsidiary of sanctioned Iranian airline Mahan Air. OFAC designated Reza Heidari for serving as the managing director of Yazd Airways and Reza Namakshenas for serving as its vice chairman.
The Treasury Department said the six new vessels sanctioned with the announcement brings the total number of Iranian shadow fleet ships sanctioned by the Trump administration to over 170.