Treasury Imposes Additional Sanctions on Iran’s Shadow Fleet as Part of Maximum Pressure Campaign

Date issued: Feb. 24 2025

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TURBOFAC Commentary (98 words)

Notes:

1) On 2-24-24, OFAC and the State Department designated a number of third-country entities and vessels involved in the Iranian oil trade (Treasury Imposes Additional Sanctions on Iran’s Shadow Fleet as Part of Maximum Pressure Campaign and Sanctions on Iran’s Oil Trade to Reimpose Maximum Pressure. These designations do not break new ground as it relates to secondary sanctions actions of this sort, but they are notable as the first round of designations in the Trump II Administration, and the number of designations is relatively high vis-à-vis the typical Iran secondary sanctions action.