Iran-related Designations; Issuance of Iran-related General License and Frequently Asked Question; Publication of Iran-related OFAC Alert
Important: This summary was automatically generated by AI from a public-domain government source. It is provided for general information and SEO indexing only. It is not legal, compliance, or professional advice and may contain errors, omissions, or out-of-date information. Where IMO numbers appear in the summary, they may be hyperlinked to the corresponding entry in our sanctioned-vessels database for convenience — these links are direct citations, not editorial assertions. Always verify against the official source before making any compliance, commercial, or legal decision. Read our news policy.
Key facts
Source:US Treasury OFAC (U.S. Treasury, public domain)
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced several updates to its sanctions programs related to Iran. The agency issued General License W, which provides a window for winding down transactions involving certain individuals blocked on May 1, 2026, and released new guidance through FAQ 1250. Additionally, OFAC published an alert regarding the sanctions risks associated with Iranian demands for passage through the Strait of Hormuz.
The Treasury Department updated its Specially Designated Nationals (SDN) List to include several individuals and entities. Among the new designations are Nasser Ghasemi Rad, Li Xinchun, Pedram Pirouzan, Hossein Mohammad Rezaei, Masoud Mohammad Rezaei, and Ehsan Tahayyori. Some of these individuals are subject to secondary sanctions under the IRAN-EO13902 program. Li Xinchun was specifically designated under Executive Order 13846 in connection with Qingdao Haiye Oil Terminal Co., Ltd.
The update also targeted several companies operating in the United Arab Emirates, Hong Kong, and China. Entities added to the list include Al Sahra Trade Petro DMCC, Architectonic Corp Limited, Atlas International Trading Limited, Bab Al Khandaq Trading Company LLC, Blinche Trading Limited, Central Park Limited (also known as Sinoplas Co., Limited), and Deccan Star Trading L.L.C.
Many of the newly sanctioned entities are linked to the Pedram Pirouzan and Associates Partnership Company. These designations fall under the IRAN-EO13902 sanctions program, reflecting ongoing U.S. efforts to restrict the financial networks connected to Iranian interests.
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Disclaimer. Strait Up Maritime aggregates and summarises sanctions-related news from public-domain government sources (US Treasury OFAC, UK OFSI). Summaries are generated automatically by AI and may contain inaccuracies. We do not warrant the accuracy, completeness, or timeliness of any content on this page. Strait Up Maritime is a journalism and information service — it is not a substitute for legal counsel, regulatory advice, or official sanctions verification. Use of this content is governed by our Terms of Use and News Aggregation Policy.