Iran Sanctions Update

Posted 2/24/25

Monday 24 February, Treasury’s Office of Foreign Assets Control (OFAC), in coordination with the StateDepartment, imposed sanctions on more than 30 individuals, entities, and vessels for their roles in facilitating the sale and transportation of Iranian petroleum-related products.

This latest round of sanctions includes oil brokers based in the United Arab Emirates (UAE) and Hong Kong, tanker operators in India and the People's Republic of China (PRC), as well as senior officials and subsidiaries of Iran's National Iranian Oil Company (NIOC).

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