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ARTICLE · 07 AUGUST 2025

OFAC Expands Sanctions Targeting Iranian Oil, Maritime Networks, UAV Technology

Cassidy Levy Kent LLP
Cassidy Levy Kent LLP
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Cassidy Levy Kent LLP

Cassidy Levy Kent LLP

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Last week, the U.S. Department of the Treasury's Office of Foreign Assets Control continued its "campaign of maximum economic pressure" on Iran by designating over 115 individuals...

GlobalInternational Law
Ulrika K. Swanson
Ulrika K. Swanson
Ian Widman
Ian Widman
Stephen Laufer
Stephen Laufer
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Last week, the U.S. Department of the Treasury's Office of Foreign Assets Control continued its "campaign of maximum economic pressure" on Iran by designating over 115 individuals, entities, and vessels linked to a shipping empire controlled by Mohammad Hossein Shamkhani. This recent action by OFAC — the largest Iran-related sanctions package since 2018 — targets a global network of vessels, ship management firms, and front companies involved in the sale of Iranian and Russian petroleum and petrochemical products. Along with additional sanctions aimed at preventing the procurement by Iran of aircraft and unmanned aerial vehicle (UAV) technology and support, U.S. sanctions directed at focusing maximum pressure on Iranian government revenue sources continue to increase.

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