US Adds Sanctions to Iran's 'Ghost Fleet' of Illicit Oil Exports

October 14, 2024

11:53 AM

Reading time: 3 minutes


The U.S. Treasury and State Departments announced on Sunday that they are expanding the list of ships and ship owners who are now under US sanctions because they have cooperated with Iran's efforts to export oil and petrochemicals. The companies, based in Suriname, India, Malaysia, and China, have “knowingly engaging in a significant transaction for the purchase, acquisition, sale, transport, or marketing of petroleum or petroleum products from Iran” according to the announcement.

Suriname-based Strong Roots Provider NV, Suriname-based Glazing Future Management NV, Suriname-based Engen Management NV, India-based Gabbaro Ship Services PVT LTD, Malaysia-based Alya Marine Sendirian Berhad, and Hong Kong-based Celia Armas Ltd were all added to the US sanctions list.

The vessels Berg 1, Voras, Hornet, Shanaye Queen, Carol, and Octans – owned by these companies – were also added to the list as they had been found to have shipped Iranian oil.

These new sanctions have come in response to Iran's ballistic missile attack on Israel on October 1st.

National Security Advisor Jake Sullivan said in a statement related to the sanctions that they “include measures against the “Ghost Fleet” that carries Iran’s illicit oil to buyers around the world. These measures will help further deny Iran financial resources used to support its missile programs and provide support for terrorist groups that threaten the United States, its allies, and partners.”

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