Treasury Freezes Iranian Oil Tankers and Trading Companies
Published Date: 5/22/2026
Notice
Summary
The U.S. Treasury’s OFAC just blocked some companies and ships tied to Iran’s oil and petrochemical businesses. This means any money or property they have in the U.S. is frozen, and Americans can’t do business with them. The action started on May 19, 2026, so watch out for these new rules if you’re involved in shipping or trade!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Listed Companies' U.S. Assets Frozen
On May 19, 2026, OFAC placed the named companies on the Specially Designated Nationals and Blocked Persons List. All property and interests in property subject to U.S. jurisdiction of those persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
Named Vessels Identified as Blocked Property
OFAC identified specific vessels on May 19, 2026 as property in which blocked persons have an interest and placed them on the SDN List. U.S. persons are generally prohibited from engaging in transactions involving those vessels, and the vessels are treated as blocked property when subject to U.S. jurisdiction.
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Key Dates
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