Treasury Blocks Iran's Sneaky Oil Tankers and Shady Operators
Published Date: 2/28/2025
Notice
Summary
On February 24, 2025, OFAC blocked certain people and their oil tanker vessels, meaning U.S. folks can’t do business with them or their property. This move targets companies linked to Iran, freezing their assets under U.S. law. If you’re involved in shipping or trade, watch out—these changes could affect your deals and money flow immediately.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
U.S. persons barred from dealing with listed tankers
On February 24, 2025, the Treasury Department's Office of Foreign Assets Control (OFAC) blocked certain people and five crude oil tankers by adding them to the Specially Designated Nationals (SDN) List. The five named tankers are CASINOVA (a.k.a. YING GE), AYDEN, FIONA, LYDIA II, and URGANE I, linked to LE MONDE MARINE SERVICES LIMITED, GREEN GARDEN TRADING LTD, ARTEMIS HEART LTD, SUNNY LAND TRADING LTD, and NYCITY SHIPMANAGEMENT CO LTD. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
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Key Dates
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