OFAC targets a global oil-shipping network moving Iranian crude worth hundreds of millions to fund Iran’s military through front companies and deceptive maritime practices to evade sanctions

The action targets companies, vessels, and individuals across multiple jurisdictions, including Asia and the Middle East, involved in front companies, falsified maritime documentation, and deceptive shipping practices used to evade sanctions, as part of broader U.S. efforts to disrupt revenue streams funding Iran’s military programs, proxy groups, and regional destabilizing activities…