OFAC targeted an oil tanker and designated its captain for transporting 2.1 million barrels of Iranian crude oil in support of the Islamic Revolutionary Guard Corps-Qods Force based in Iran.
As a result of OFAC's action, all property and interests in property of these targets that are in the United States, or in the possession or control of U.S. persons, must be blocked and reported to OFAC. OFAC regulations generally forbid all dealings by U.S. persons, and all transactions that occur within or transiting the United States, that involve the property or interests in property of blocked individuals or entities. These blocking requirements and prohibitions also apply to any entities owned 50 percent or more by any designated individuals or entities. In addition, non-U.S. persons are advised that engaging in certain transactions with the individuals and entities targeted by this action may result in enforcement actions and/or the imposition of sanctions.
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