OFAC is a financial intelligence and enforcement agency of the U.S. Treasury Department. Known for administering trade and economic sanctions aligned with U.S. foreign policy, particularly targeting Iran, its banks, and oil networks. Recently, OFAC has oscillated between designating Iranian financial entities and issuing temporary sanctions relief tied to Iran oil negotiations. Last updated 5 days ago
Following Iran's resumption of attacks on shipping in the Strait of Hormuz, the U.S. Treasury's OFAC has sanctioned an Iranian financial facilitator accused of institutionalizing large-scale embezzlement and diverting public funds offshore. OFAC also targeted Iranian exchange houses moving billions annually for sanctioned Iranian banks.
Fars News Agency, the IRGC-affiliated outlet, says no official waiver for lifting Iran's oil sanctions has been published on the U.S. Treasury's OFAC website....
contradicting claims from Iran's own negotiating team.
Treasury's Office of Foreign Assets Control designated a major Iranian foreign currency exchange house and associated front companies that processed hundreds of millions of dollars for sanctioned Iranian banks. Iranian exchange houses collectively facilitate billions in annual foreign currency transactions, enabling the regime and its military to evade sanctions and move oil and petrochemical revenue through the international financial system.
USNAVCENT expands the Iran blockade worldwide. Iranian vessels, OFAC sanctioned ships, and suspected contraband carriers can now be boarded and seized by U.S. forces anywhere, with the move targeting Iran’s shadow fleet of more...
BREAKING 🔴🔴
USNAVCENT expands the Iran blockade worldwide. Iranian vessels, OFAC sanctioned ships, and suspected contraband carriers can now be boarded and seized by U.S. forces anywhere, with the move targeting Iran’s shadow fleet of more than 570 tankers.
Key points
• Blockade in force since April 13 now applies worldwide under belligerent rights
• Neutral flagged vessels tied to Iran or sanctions also at risk
• $400M + per day in Iranian oil revenue at risk
• Nearly 90% of Iran’s trade is sea based
• Rising risk of economic collapse and currency crisis
Source: USNAVCENT / NCAGS advisory via Seatrade Maritime (Marcus Hand), April 16, 2026; m
Yesterday, the U.S. Treasury has temporarily lifted nearly all sanctions on Iranian oil tankers, allowing shipments loaded by March 20 to continue through April 19 under new OFAC waivers.
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Office of Foreign Assets Control
Seatrade Maritime
Iran
