Designations block U.S. property and require OFAC reporting for listed Iran-linked firms and vessels

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enforcement

OFAC's implementing guidance and regulations list the named designees as blocked and specify the reporting and blocking requirements for property in the U.S. or controlled by U.S. persons.

Source summary

On January 23, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated nine vessels and eight companies it says are part of Iran’s "shadow fleet" that transported hundreds of millions of dollars of Iranian oil and petroleum products. The action, taken under Executive Order 13902 and linked to the administration's NSPM-2 policy, identifies those vessels as blocked property and prohibits U.S. persons from transacting with them without OFAC authorization. Treasury said the revenue from these shipments funds Iran’s regional proxies, weapons programs, and security services rather than public services for the Iranian people.

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Latest fact check

OFAC’s published guidance and implementing regulations require that when persons are designated/blocked, any property and interests in property of those blocked persons that are in the United States or in the possession or control of U.S. persons must be frozen (blocked) and reported to OFAC (see OFAC FAQ 9). The Reporting, Procedures, and Penalties Regulations (31 C.F.R. § 501.603) and OFAC’s Reporting System set out the reporting obligations (initial reports generally within 10 business days and annual reports) and prohibit dealings in blocked property absent authorization. Verdict: True — the January 23, 2026 action has the legal effect stated: designated/blocked persons’ property in the U.S. or in the possession or control of U.S. persons is blocked and subject to OFAC reporting obligations.

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Timeline

Update · Jan 23, 2026, 11:35 PMTrue
OFAC’s published guidance and implementing regulations require that when persons are designated/blocked, any property and interests in property of those blocked persons that are in the United States or in the possession or control of U.S. persons must be frozen (blocked) and reported to OFAC (see OFAC FAQ 9). The Reporting, Procedures, and Penalties Regulations (31 C.F.R. § 501.603) and OFAC’s Reporting System set out the reporting obligations (initial reports generally within 10 business days and annual reports) and prohibit dealings in blocked property absent authorization. Verdict: True — the January 23, 2026 action has the legal effect stated: designated/blocked persons’ property in the U.S. or in the possession or control of U.S. persons is blocked and subject to OFAC reporting obligations.
Original article · Jan 23, 2026
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