THE FOLLOW UP
STATEMENT

OFAC targets 29 shadow fleet vessels and their management firms that have transported hundreds of millions of dollars’ worth of Iranian petroleum products.

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Evidence from credible sources supports the statement as accurate. Learn more in Methodology.

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enforcement

Designation of 29 shadow fleet vessels and their management firms completed.

Source summary
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) designated 29 vessels and multiple shipping companies — and sanctioned Egyptian businessman Hatem Elsaid Farid Ibrahim Sakr and several of his firms — for transporting large volumes of Iranian petroleum products as part of a sanctions campaign under Executive Order 13902. OFAC says these vessels, managed across jurisdictions including UAE, Panama, Marshall Islands and India, have moved millions of barrels of Iranian crude and refined products in 2024–2025. The designations block U.S. property and generally prohibit U.S. persons from transacting with the listed entities and vessels, and expand the administration’s effort to cut Iran’s petroleum revenue.
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Latest fact check

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced on December 18, 2025, that it is targeting 29 shadow fleet vessels and their respective management firms for transporting hundreds of millions of dollars' worth of Iranian petroleum products. This action is part of a broader effort to disrupt Iran's oil exports and the revenue used to fund its military and weapons programs. (home.treasury.gov)

Sources

Timeline

  1. Update · Dec 21, 2025, 08:54 AMTrue
    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced on December 18, 2025, that it is targeting 29 shadow fleet vessels and their respective management firms for transporting hundreds of millions of dollars' worth of Iranian petroleum products. This action is part of a broader effort to disrupt Iran's oil exports and the revenue used to fund its military and weapons programs. (home.treasury.gov)
  2. Update · Dec 21, 2025, 07:43 AMTrue
    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced on December 18, 2025, that it is targeting 29 shadow fleet vessels and their respective management firms for transporting hundreds of millions of dollars' worth of Iranian petroleum products. This action is part of a broader effort to disrupt Iran's oil exports and reduce revenue used to fund its military and weapons programs. (home.treasury.gov)
  3. Update · Dec 21, 2025, 06:58 AMTrue
    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced on December 18, 2025, that it is targeting 29 shadow fleet vessels and their respective management firms for transporting hundreds of millions of dollars' worth of Iranian petroleum products. This action is part of a broader effort to disrupt Iran's oil exports and the revenue used to fund its military and weapons programs. (home.treasury.gov)
  4. Update · Dec 21, 2025, 05:50 AMTrue
    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced on December 18, 2025, that it is targeting 29 shadow fleet vessels and their respective management firms for transporting hundreds of millions of dollars' worth of Iranian petroleum products. This action is part of a broader effort to disrupt Iran's illicit oil exports and the revenue that funds its military and weapons programs. (home.treasury.gov)
  5. Update · Dec 21, 2025, 05:02 AMTrue
    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced on December 18, 2025, sanctions targeting 29 vessels and their management firms involved in transporting Iranian petroleum products. These vessels have collectively shipped hundreds of millions of dollars' worth of Iranian oil, including crude oil, fuel oil, bitumen, naphtha, and condensate. The sanctions also include Egyptian businessman Hatem Elsaid Farid Ibrahim Sakr, associated with seven of the vessels. (home.treasury.gov)
  6. Update · Dec 21, 2025, 04:20 AMTrue
    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced on December 18, 2025, that it is targeting 29 shadow fleet vessels and their respective management firms for transporting hundreds of millions of dollars' worth of Iranian petroleum products. This action is part of a broader effort to disrupt Iran's illicit oil exports and the revenue used to fund its military and weapons programs. (home.treasury.gov)
  7. Update · Dec 21, 2025, 02:51 AMTrue
    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced on December 18, 2025, that it is targeting 29 shadow fleet vessels and their respective management firms for transporting hundreds of millions of dollars' worth of Iranian petroleum products. This action is part of a broader effort to disrupt Iran's oil exports and the revenue used to fund its military and weapons programs. (home.treasury.gov)
  8. Update · Dec 20, 2025, 11:43 PMTrue
    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced on December 18, 2025, that it is targeting 29 shadow fleet vessels and their respective management firms for transporting hundreds of millions of dollars' worth of Iranian petroleum products. This action is part of a broader effort to disrupt Iran's oil exports and the revenue used to fund its military and weapons programs. (home.treasury.gov)
  9. Update · Dec 20, 2025, 08:41 AMcomplete
    The statement accurately reflects the official announcement from OFAC, which confirms the targeting of 29 shadow fleet vessels and their management firms linked to the transportation of significant amounts of Iranian petroleum products. This is corroborated by the press release dated December 18, 2025, which details the actions taken against these vessels for their involvement in evading sanctions. Thus, the claim is substantiated by a credible source.
  10. Update · Dec 19, 2025, 07:31 AMcomplete
    The statement that OFAC is targeting 29 shadow fleet vessels and their management firms for transporting hundreds of millions of dollars’ worth of Iranian petroleum products is accurate. The official announcement by the U.S. Department of the Treasury confirms this action, detailing the specific vessels and their involvement in illicit petroleum trade. Thus, the statement is verified as true based on the evidence provided.
  11. Original article · Dec 18, 2025
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