THE FOLLOW UP
STATEMENT

The following companies are being designated pursuant to E.O. 13902 for operating in the Iranian petroleum sector.

True

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

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enforcement

Designations completed under E.O. 13902.

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 press release dated December 18, 2025, announces the designation of five companies pursuant to Executive Order 13902 for operating in the petroleum sector of the Iranian economy. These companies are:

  • Phoenix Ship Management FZE
  • Arihant Shipping Inc.
  • Kurdos Shipping Inc.
  • Adonis Shipping Inc.
  • Concord Shipping Inc.

This information directly corroborates the statement provided.

Sources

Timeline

  1. Update · Dec 21, 2025, 08:54 AMTrue
    The U.S. Department of the Treasury's press release dated December 18, 2025, announces the designation of five companies pursuant to Executive Order 13902 for operating in the petroleum sector of the Iranian economy. These companies are:
    • Phoenix Ship Management FZE
    • Arihant Shipping Inc.
    • Kurdos Shipping Inc.
    • Adonis Shipping Inc.
    • Concord Shipping Inc.
    This information directly corroborates the statement provided.
  2. Update · Dec 21, 2025, 07:43 AMUnverifiable
    The U.S. Department of the Treasury's press release dated December 18, 2025, announces the designation of several companies pursuant to Executive Order 13902 for operating in the Iranian petroleum sector. However, the specific names of these companies are not disclosed in the available information. Without access to the complete list of designated entities, it is impossible to verify the accuracy of the statement that "the following companies are being designated pursuant to E.O. 13902 for operating in the petroleum sector of the Iranian economy." Therefore, the claim is unverifiable.
  3. Update · Dec 21, 2025, 06:58 AMTrue
    The U.S. Department of the Treasury's press release dated December 18, 2025, announces the designation of five companies—Phoenix Ship Management FZE, Arihant Shipping Inc., Kurdos Shipping Inc., Adonis Shipping Inc., and Concord Shipping Inc.—pursuant to Executive Order 13902 for operating in the petroleum sector of the Iranian economy. (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) has designated several companies operating in the Iranian petroleum sector pursuant to Executive Order (E.O.) 13902. On December 18, 2025, OFAC sanctioned 29 shadow fleet vessels and their respective management firms for transporting Iranian petroleum products. The designated companies include Phoenix Ship Management FZE, Arihant Shipping Inc., Kurdos Shipping Inc., Adonis Shipping Inc., and Concord Shipping Inc. (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) has designated five companies—Phoenix Ship Management FZE, Arihant Shipping Inc., Kurdos Shipping Inc., Adonis Shipping Inc., and Concord Shipping Inc.—pursuant to Executive Order 13902 for operating in the petroleum sector of the Iranian economy. (home.treasury.gov) This action is part of the U.S. government's ongoing efforts to target entities involved in Iran's oil trade. (home.treasury.gov)
  6. Update · Dec 21, 2025, 04:20 AMUnverifiable
    The statement indicates that certain companies are being designated under Executive Order 13902 for operating in the Iranian petroleum sector. However, the specific companies involved are not listed in the provided information. Without access to the full list of designated entities, it is impossible to verify the accuracy of the statement. Therefore, the claim is unverifiable based on the available information.
  7. Update · Dec 21, 2025, 02:51 AMTrue
    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated five companies—Phoenix Ship Management FZE, Arihant Shipping Inc., Kurdos Shipping Inc., Adonis Shipping Inc., and Concord Shipping Inc.—pursuant to Executive Order 13902 for operating in the petroleum sector of the Iranian economy. (home.treasury.gov) This action is part of a broader effort to increase pressure on Iran's sanctions-evading shadow fleet, which exports Iranian petroleum and petroleum products through deceptive shipping practices.
  8. Update · Dec 20, 2025, 11:43 PMTrue
    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated several companies operating in the Iranian petroleum sector pursuant to Executive Order (E.O.) 13902. On December 18, 2025, OFAC sanctioned Phoenix Ship Management FZE, Arihant Shipping Inc., Kurdos Shipping Inc., Adonis Shipping Inc., and Concord Shipping Inc. for their involvement in Iran's petroleum industry. (home.treasury.gov) This action is part of the U.S. government's ongoing efforts to disrupt Iran's oil exports and limit the regime's ability to fund destabilizing activities. Therefore, the statement is accurate.
  9. Update · Dec 20, 2025, 08:41 AMcomplete
    The U.S. Department of the Treasury's press release dated December 18, 2025, announces the designation of several companies pursuant to Executive Order 13902 for operating in the petroleum sector of the Iranian economy. The designated companies are Phoenix Ship Management FZE, Arihant Shipping Inc., Kurdos Shipping Inc., Adonis Shipping Inc., and Concord Shipping Inc. (home.treasury.gov)
  10. Update · Dec 19, 2025, 07:31 AMcomplete
    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated several companies operating in the Iranian petroleum sector pursuant to Executive Order (E.O.) 13902. On December 18, 2025, OFAC sanctioned Phoenix Ship Management FZE, Arihant Shipping Inc., Kurdos Shipping Inc., Adonis Shipping Inc., and Concord Shipping Inc. for their involvement in Iran's petroleum industry. (home.treasury.gov) This action is part of the U.S. government's ongoing efforts to disrupt Iran's oil exports and the revenue streams that support its military and destabilizing activities. The sanctions target entities that have facilitated the shipment of Iranian petroleum products through deceptive shipping practices, commonly referred to as Iran's "shadow fleet." (home.treasury.gov)
  11. Original article · Dec 18, 2025
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