OFAC Advisory: Iran Maritime Sanctions

Posted 4/18/25

On April 16, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) released updated guidance for the maritime sector titled Advisory for Shipping and Maritime Stakeholders on Detecting and Mitigating Iranian Oil Sanctions Evasion. In coordination with the advisory, OFAC also designated seven entities and five vessels allegedly engaged in Iranian petroleum and petrochemical sales. One of the most prominent targets is a Chinese “teapot” refinery, sanctioned for purchasing over $1 billion worth of Iranian crude.

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