Shafaq News- Washington
The US Treasury Department on Friday imposed a new round ofsanctions on Iran linked to maritime activity in the Strait of Hormuz,targeting 30 individuals and entities, the Office of Foreign Assets Control(OFAC) stated.
The sanctions focus on those facilitating Iranian oilexports through illicit methods, as well as companies operating within the“shadow fleet,” used to bypass international restrictions. Measures includeenhanced vessel tracking, tighter restrictions on intermediary firms, andcoordination with international partners to disrupt networks engaged insanctions evasion, particularly in the energy and maritime transport sectors.
OFAC added that Iran’s shadow financial networks processtens of billions of dollars in transactions annually, relying on exchangehouses, agents, and offshore front companies to move funds globally.
The Treasury also warned shipping companies that paying feesto Iran for passage through the Strait of Hormuz could trigger sanctions.
Today, as part of Economic Fury, Treasury’s Office of Foreign Assets Control designated three Iranian foreign currency exchange houses and their associated front companies. Collectively, Iranian exchange houses facilitate billions of dollars in foreign currency transactions each…
— Treasury Department (@USTreasury) May 1, 2026These actions follow remarks last week by US TreasurySecretary Scott Bessent, who warned of penalties targeting vessels andindividuals facilitating Iranian oil shipments. The Treasury also sanctioned aChinese refinery and around 40 entities linked to importing Iranian oil.
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