Tariff Notices · Sanctions · confirmed
OFAC blocks Hormuz insurance firms and eight Iran-linked tankers
Updated · Impact score 74/100 · Confidence 55%
OFAC designated Persian Gulf Marine Insurance Company, HormuzSafe Marine Services Authority, eight shipping companies, and eight associated tankers on July 29 under Iran sanctions. The vessel additions include seven crude-oil tankers and the chemical/products tanker WELL SAIL.
Why it matters
The action reaches maritime insurance and transit services marketed to vessels using the Strait of Hormuz, plus ship managers and tankers moving Iranian petroleum. U.S. persons must block covered property, and the restrictions also reach entities owned 50 percent or more by blocked persons.
What to check next
Rescreen vessels, owners, managers, charterers, maritime insurers, port agents, and payment routes for the July 29 additions using both names and IMO numbers. Pause any match involving Hormuz Safe, Persian Gulf Marine Insurance Company, or a listed tanker and obtain sanctions review before moving cargo, services, or funds.
Affected entities
- Iran
- China
- Marshall Islands
- OFAC
- Strait of Hormuz
- Persian Gulf Marine Insurance Company
- HormuzSafe Marine Services Authority
- Blocked tankers: WELL SAIL, NATSUMI, CRYSTAL, NIRETA, YEHOPE, LILY, AL SALMI, BREEZE V
- Maritime insurance and vessel screening