3 hrs ago
US Expands Iran Sanctions Targeting Companies, Individuals and Vessels
The United States has added many companies, people and ships to its Iran-related sanctions list.
US officials say these targets helped move Iranian oil or avoid sanctions.
The Treasury says the ships are part of a network called a shadow fleet.
It says the network carried oil and other products to markets in Asia.
The sanctions can block the listed parties' property in the United States or held by US people.
Some companies owned at least half by blocked people are also covered.
The State Department announced a separate set of sanctions as part of the campaign.
The Treasury also took two ships off its list after saying they had left the network and changed hands.
The United States announced sanctions targeting 27 companies, six individuals and 22 vessels tied to Iran's oil trade and alleged sanctions-evasion networks.
The Treasury Department said the action targets Iran's remaining shadow fleet, including shipping operators, maritime managers and trading firms across several countries.
The designated vessels have transported Iranian crude oil, petroleum and petrochemical products to markets in South and East Asia.
The State Department separately announced sanctions against 10 entities, six individuals and five vessels involved in Iranian-origin petroleum or petrochemical trade.
The Treasury removed HAKUNA MATATA and PINOCCHIO from the sanctions list, saying they had left the shadow fleet and been sold to non-sanctioned or US-aligned operators.
- Who
- The US Treasury Department and State Department announced sanctions targeting companies, individuals and vessels linked to Iran's oil trade.
- What
- A new round of Iran-related sanctions targets 27 companies, six individuals and 22 vessels; the State Department also announced separate sanctions.
- Where
- The targets are linked to Iran's oil trade and include operators and firms in Turkiye, China, the United Arab Emirates, the United Kingdom and the Marshall Islands.
- When
- The latest sanctions were announced; the article gives no specific date for this announcement. Operation Economic Outcast was announced on August 24, 2026.
- Why
- US officials say the measures aim to disrupt Iran's oil sales, sanctions evasion and sources of illicit revenue.
Key facts
- Treasury designations
- 27 companies, six individuals and 22 vessels
- Separate State Department action
- 10 entities, six individuals and five vessels
- Named campaign
- Operation Economic Outcast
- Campaign announcement
- August 24, 2026
- Legal authority cited
- Executive Order 13902
- Vessels removed from list
- HAKUNA MATATA and PINOCCHIO
- Ownership threshold
- Restrictions also apply to entities at least 50% owned by one or more blocked persons.
Quotes
Treasury official
Treasury official speaking to reporters
“Treasury is starving the tyrannical regime in Tehran of the money it uses to wage war in the region, and we will continue exposing those who enable the regime's oil sales.”
republicworld.com
“Today's action represents the most significant blow yet to Iran's remaining illicit maritime infrastructure by neutralising the vast majority of the shadow fleet.”
republicworld.com
Sources
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