On February 24, 2025, the United States kicked off a big new push with sanctions, zeroing in on companies tangled up in Iran’s oil business. It’s all part of this “maximum pressure” plan to slam the brakes on Iran’s oil exports and dry up the cash they use to stir trouble around the region. The U.S. Department of the Treasury and the State Department teamed up to roll this out, keeping their sights on breaking apart the money networks that prop up Iran’s military moves and support for groups like you’d read about in the headlines. Based on what’s come out from official statements and the latest from the Office of Foreign Assets Control (OFAC), they’ve pinned 17 new companies to the sanctions list that day. These outfits are scattered across places like the UAE, Hong Kong, India, China, Seychelles, Malaysia, and Iran—proof this is a web that stretches pretty far.
17 new companies sanctions list
Here’s the rundown on those 17 companies slapped with sanctions on February 24, 2025. I’ve pulled their locations and a few extra bits straight from OFAC’s updates and Treasury’s press releases. This list keeps it simple, focusing just on the companies themselves—no individuals or ships mixed in here:
Company Name | Location | Established Date | Additional Notes |
|---|---|---|---|
ALKONOST MARITIME DMCC | Unit 5452, Level 54, Almas Tower, Jumeirah Lakes Towers, Dubai, UAE | 20 May 2021 | Associated with vessel IMO 6382091 |
ARTEMIS HEART LTD | 2nd Floor, Allied Building Annex, Francis Rachel St, Victoria, Seychelles | 2022 | Involved in oil transport to PRC |
AUSTINSHIP MANAGEMENT PRIVATE LIMITED | Shop 048FF, Builders Scheme, Omaxe Arcade, Noida, India; Delhi, India | 14 Jan 2020 | Linked to vessel AMAK (IMO 9244635) |
BSM MARINE LIMITED LIABILITY PARTNERSHIP | Office 20, Ground Floor, Augusta Point, Gurugram, Haryana, India | 05 May 2022 | Associated with vessel YATEEKA |
COSMOS LINES INC | 1/49, East St, Vadakkumangudi, Thanjavur, India; Marshall Islands | 10 May 2024 | Involved in significant transactions |
FLUX MARITIME LLP | Office 901, 9th Floor, One Platinum Belapur Navi, Mumbai, India | 26 Dec 2023 | Technical manager of oil shipment vessels |
GREEN GARDEN TRADING LTD | 2nd Floor, Allied Building Annex, Francis Rachel St, Victoria, Seychelles | 2022 | Owns, manages AYDEN (IMO 9365764) |
IMS LTD | Unit 0195, Jalan Merdeka, Labuan, Malaysia | 2012 | Linked to vessels VIOLET 1, PETERPAUL |
IRANIAN OIL TERMINALS COMPANY | Hafez Corner, NIOC HQ, Taleghani St, Tehran, Iran; multiple terminals | 15 Mar 1999 | Subsidiary of NIOC, manages oil terminals |
KANGAN PETRO REFINING COMPANY | Nezami Ganjavi Neighborhood, Abbaspoor St, Shahin St, Tehran, Iran | 07 Nov 2012 | Involved in petroleum trade |
LE MONDE MARINE SERVICES LIMITED | 80 Broad St, Monrovia, Liberia | 2023 | Owns, manages CASINOVA (IMO 9280366) |
NYCITY SHIPMANAGEMENT CO LTD | Room 502, 1, Yangkou Lu, Shinan Qu, Qingdao, China; Marshall Islands | 2023 | Manages URGANE I, involved in shipments |
OCEANEND SHIPPING LTD | PO Box 1137, Victoria, Mahe Island, Seychelles | – | Linked to vessel ASTERIX (IMO 9181194) |
OCTANE ENERGY GROUP FZCO | Dubai, UAE | 03 Oct 2022 | Involved in significant transactions |
PETRONIX ENERGY TRADING LIMITED | Unit 706, 7/F, South Seas Centre Tower 2, 75 Mody Rd, Kowloon, Hong Kong | 28 May 2021 | Purchased Iranian oil, used MENG XIN |
PETROQUIMICO FZE | FDBC0145, Compass Building, Al Shohada Rd, Ras Al Khaimah, UAE | 31 Dec 2018 | Purchased petroleum from NIOC |
SUNNY LAND TRADING LTD | 2nd Floor, Allied Building Annex, Francis Rachel St, Victoria, Seychelles | 2022 | Owns, manages LYDIA II (IMO 9365776) |
Analysis and Implications
The companies hit with these sanctions are a real mixed bag—oil brokers, tanker operators, and shipping management firms all caught up in the net. A bunch of them are clustered in places like the UAE, Seychelles, and India, which just goes to show how this network stretches across borders. Take PETROQUIMICO FZE and PETRONIX ENERGY TRADING LIMITED, for example—they’re based out of the UAE and Hong Kong, and they’ve been flagged for buying up big chunks of Iranian oil. Then you’ve got outfits like ARTEMIS HEART LTD and GREEN GARDEN TRADING LTD over in Seychelles, who are tied to running the ships that haul this oil over to buyers in Asia, especially in China (or the People’s Republic of China, if we’re being formal). It’s a pretty clear picture of how global this whole operation is.
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