Global Trade Alert
Global Trade Alert

United States of America: Treasury sanctions entities linked to Iran's shadow banking system and shadow fleet

Announcement

19 May 2026

In May 2026, the U.S. Department of the Treasury imposed sanctions on entities allegedly involved in Iran's foreign exchange operations, front company networks, and maritime shipments of Iranian petroleum and petrochemicals.

Source

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Number of interventions

5

5 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

19 May 2026

Revocation date:

No revocation date

Updated: 20 May 2026
Foreign customer limit In force

Recent update from 20 May 2026:

On 19 May 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on 19 vessels for their involvement in transporting Iranian crude oil, liquefied petr...

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Updated: 20 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 20 May 2026:

On 19 May 2026, the U.S. Department of the Treasury imposed sanctions on one entity from Iran that is said to have been involved in the country's shadow banking activities. As a result of this deci...

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Updated: 20 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 20 May 2026:

On 19 May 2026, the U.S. Department of the Treasury imposed sanctions on 14 entities from Panama, the Marshall Islands, the United Kingdom, Liberia, Saint Kitts and Nevis, and the British Virgin Is...

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Updated: 20 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 20 May 2026:

On 19 May 2026, the U.S. Department of the Treasury imposed sanctions on nine entities from Hong Kong that are said to have been involved in Iran's shadow banking activities and maritime shipments ...

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Updated: 20 May 2026
Controls on commercial transactions and investment instruments In force

Recent update from 20 May 2026:

On 19 May 2026, the U.S. Department of the Treasury imposed sanctions on four entities from the United Arab Emirates and China that are said to have been involved in Iran's shadow banking activitie...

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