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    MarketForces Africa » MarketForces News » US Sanctions 17 Vessels Linked to Iran, Targets Shipments to Asia

    US Sanctions 17 Vessels Linked to Iran, Targets Shipments to Asia

    Julius AlagbeBy Julius AlagbeOctober 10, 2026Updated:October 10, 2026 News No Comments2 Mins Read
    US Sanctions 17 Vessels Linked to Iran, Targets Shipments to Asia
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    US Sanctions 17 Vessels Linked to Iran, Targets Shipments to Asia

    The US Treasury Department has imposed sanctions on 17 vessels linked to Iran’s “shadow fleet,” stepping up pressure on Tehran’s petroleum exports.

    The department said the vessels had transported millions of barrels of Iranian crude oil, petroleum and petrochemical products to South and East Asian markets.

    The sanctions also targeted companies involved in the shipping network. “No enabler of Iranian sanctions evasion is safe from the full force of Treasury’s authorities,” Treasury Secretary Scott Bessent said.

    Among the vessels targeted was the Vanuatu-flagged Tina 5, which Treasury said had transported more than 1.5 million barrels of Iranian crude oil in August.

    The Comoros-flagged Sogl transported over 2 million barrels of Iranian propane and butane since September 2025, while the Cameroon-flagged Shenzen carried more than 3.5 million barrels of crude since November 2025, according to the department.

    The action is part of Operation Economic Outcast, launched on Aug. 24 to restrict Iran’s access to international financial and commercial networks.

    The campaign expanded sanctions exposure across several sectors, including shipping, aviation, technology, gold and digital assets. Treasury warned that entities facilitating sanctions evasion for Iran risk exclusion from the US financial system.

    Separately, the department removed Hakuna Matata and Pinochio from its sanctions list after the vessels left the shadow fleet and were sold to operators not subject to sanctions.

    Crude Oil Prices Decline as Trump Pauses Iran Attack

    Iran oIL US SANCTIONS
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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