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6d ago

U.S. Sanctions 58 Targets Tied to Iran’s Shadow Oil Trade and Mahan Air

The package seeks to cut off funds from clandestine oil sales that U.S. officials say finance Iran’s forces and proxy groups.

A view of refinery No. 1 (phase 1) of the South Pars Gas-Condensate field in Asalouyeh Seaport, north of the Persian Gulf in Iran, March 3, 2021.
The US Department of State said the entities were being sanctioned as they were helping Iran to generate funds for its nuclear programme .
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Overview

  • The State Department designated 17 entities, individuals and vessels, while the Treasury’s OFAC added 41 more across multiple countries involved in Iranian petroleum sales.
  • The measures focus on Sepehr Energy Jahan Nama Pars’s global network and add six tankers to Iran’s shadow fleet, bringing this year’s tally of sanctioned vessels to more than 170.
  • Indian entities TR6 Petro India LLP and RN Ship Management, and Indian nationals Zair Husain Iqbal Husain Sayed and Zulfikar Hussain Rizvi Sayed, were named for trading or transporting Iranian petroleum products.
  • Sanctions were expanded against Mahan Air and its subsidiary Yazd International Airways for transporting IRGC‑Quds Force personnel and weapons, with additional aircraft identified as blocked property.
  • All U.S.-jurisdiction assets of the designees are frozen and U.S. persons are barred from dealing with them, with actions taken under NSPM‑2 and Executive Orders 13224, 13846 and 13902.