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Ships added to and removed from sanctions list
On Oct 8, 2026, the USA imposed sanctions on 22 tankers and several individuals and companies linked to Iran’s oil trade. The U.S. Treasury Department designated 17 vessels and their associated companies under Operation Economic Outcast, while the State Department announced sanctions against another five vessels, ten entities and six individuals involved in trading Iranian petroleum and petrochemical products. The sanctions target vessels operating under flags from more than a dozen jurisdictions, with ownership spread across companies registered in the Marshall Islands, Hong Kong, China, the British Virgin Islands and elsewhere. Among the vessels newly designated by Treasury was the 'Shenzen' (IMO: 9276561), which allegedly has transported more than 3.5 million barrels of Iranian crude since November 2025. The 'Tina 5' (IMO: 9237761) allegedly transported more than 1.5 million barrels of Iranian crude in August alone. Other vessels targeted in the action have carried naphtha, fuel oil, liquefied petroleum gas, methanol and other petrochemical products to markets across Asia and the Middle East. Among them were the 'Starway', which has transported more than three million barrels of Iranian naphtha since 2025, and the 'King Chain' (IMO: 9277761), which has carried several million barrels of Iranian methanol to China since 2023. The designations also covered the companies behind the vessels, targeting the ownership and operating networks used to move Iranian cargoes through international markets. The department also removed two vessels, the 'Hakuna Matata' (IMO: 9354167) and 'Pinocchio' (IMO: 9400112), from its sanctions list after determining that they had left Iran’s shadow fleet and were sold to operators not subject to sanctions.
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