US Treasury's OFAC sanctions 17 vessels in Iran's shadow-fleet network under Operation Economic Outcast
8 October 2026
On 8 October 2026 the US Treasury's Office of Foreign Assets Control (OFAC) sanctioned Iran's remaining shadow fleet of ageing tankers and the companies behind it.
The action was taken under Executive Order 13902, which targets Iran's petroleum sector and other key sectors of its economy.
It designated 17 vessels carrying Iranian crude oil, petroleum and petrochemical products.
It is part of Operation Economic Outcast, which Secretary Scott Bessent announced on 24 August 2026.
OFAC also removed two vessels, HAKUNA MATATA and PINOCCHIO, from the SDN List after they were sold to non-sanctioned operators.
In plain words
OFAC Office of Foreign Assets Control — The US Treasury office that administers and enforces economic sanctions.
SDN List Specially Designated Nationals and Blocked Persons List — OFAC's list of sanctioned persons, companies and vessels.