The US Treasury’s Office of Foreign Assets Control (OFAC) announced the designation of nine vessels and four trading firms involved in the transportation of Iranian crude oil.
The move is part of a broader effort to disrupt Iran’s oil exports and tighten sanctions on entities facilitating the trade.
The sanctioned entities are registered in the UAE, Hong Kong, and Singapore, highlighting the global reach of Iran’s oil logistics network.
The sanctions are expected to heighten shipping risk for Iranian crude, which could ripple through energy markets and tanker routes.
This follows recent actions against similar entities involved in Russian oil exports, signaling a consistent strategy to enforce international compliance with energy sanctions.
The designations are likely to increase scrutiny on third-party jurisdictions that serve as intermediaries in Iran’s oil trade.