2026-03988NoticeWallet

Treasury Slaps Freezes on Iran's Sneaky Aviation Arms Duo

Published Date: 2/27/2026

Notice

Summary

The U.S. Treasury’s OFAC just blocked the property of two Iranian individuals linked to Qods Aviation Industries, a group involved in arms activities. This means Americans can’t do business with them, and any U.S.-based assets they have are frozen starting February 25, 2026. It’s a clear move to tighten the squeeze on Iran’s weapons network and stop money from flowing their way.

Analyzed Economic Effects

3 provisions identified: 0 benefits, 3 costs, 0 mixed.

Named Persons Added to SDN List

On February 25, 2026, OFAC added multiple named individuals, companies, and vessels to the Specially Designated Nationals (SDN) List. All property and interests in property subject to U.S. jurisdiction of those listed are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.

Some Listings Are Subject to Secondary Sanctions

The notice identifies certain named individuals and entities as "Subject to Secondary Sanctions." Those entries include the label "Subject to Secondary Sanctions" in OFAC's listing information as of February 25, 2026.

Petroleum and Petrochemical Firms Designated

OFAC designated multiple companies and vessels for operating in Iran's petroleum and petrochemical sectors under Executive Order 13902 and identified them as blocked as of February 25, 2026. The notice lists specific firms and vessels linked to petroleum or petrochemical activity that are blocked from U.S. jurisdiction.

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Key Dates

Effective Date
Published Date
2/25/2026
2/27/2026

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Foreign Assets Control Office
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