In a bold move to cut off financial resources fueling Iran’s military operations, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned a network of individuals and entities linked to illicit oil revenue streams. The sanctions target key players and companies engaged in facilitating Iranian oil sales, which generate hundreds of millions of dollars for the regime’s military and terrorist activities.
Treasury officials emphasized that these sanctions reinforce the Biden administration’s commitment to holding Iran accountable for its destabilizing activities. Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson stated, “The United States will continue to disrupt illicit networks that funnel money to Iran’s military and terrorist organizations. These actions should serve as a warning to those who aid and abet Iran’s malign activities.”
Key Individuals and Companies Sanctioned
Among those added to OFAC’s Specially Designated Nationals and Blocked Persons (SDN) List are several Iranian nationals and foreign operatives involved in oil smuggling and financial transactions benefiting Iran’s military.
- Farbod Mohseni Ahari (Iran) – Connected to Sepehr Energy Jahan Nama Pars Company.
- Ryan Xavier Aranha (UAE/India) – Affiliated with Marshal Ship Management Private Limited.
- Jamshid Eshaghi (Iran) – Tied to illicit oil revenue channels.
- Farshad Ghazi (Iran) – Identified as a key facilitator in Iranian oil dealings.
Additionally, major global shipping companies and financial entities have been designated for their role in these operations, including:
- GOZOSO GROUP LTD (Hong Kong)
- LUCKY OCEAN SHIPPING LIMITED (Marshall Islands/China)
- MARSHAL SHIP MANAGEMENT PRIVATE LIMITED (India/UAE/Philippines)
- SEPEHR ENERGY HAMTA PARS (Iran)
- SEPEHR ENERGY PAYA GOSTAR JAHAN (Iran)
Impact of Sanctions
These measures block all U.S. assets and interests tied to the designated individuals and entities. Furthermore, non-U.S. persons who engage in transactions with these sanctioned entities risk facing secondary sanctions themselves. This latest crackdown seeks to sever Iran’s access to vital financial lifelines that enable its military and terrorist activities across the Middle East.
In a separate announcement, OFAC has officially retired its RSS feed service. Moving forward, updates will be provided via email subscriptions. The Treasury Department encourages the public to sign up for real-time sanctions updates through their official government portal.
The latest round of sanctions is part of a broader strategy to counter Iran’s aggressive regional posture and ensure financial networks do not contribute to threats against U.S. and allied security interests. Washington remains steadfast in its mission to dismantle economic mechanisms that empower Iran’s military expansion and terror financing.
As the Biden administration continues to push back against malign actors, one thing remains clear: The United States will not stand idly by while Iran exploits international financial systems to further its dangerous agenda.
