New OFAC Sanctions Target Iranian Individuals and Entities Amid Ongoing Tensions

• •OFAC has sanctioned multiple Iranian individuals and entities linked to oil refineries.
• •New General License W allows wind down of transactions involving certain blocked persons.
• •Sanctions are part of ongoing U.S. efforts to limit Iranian influence and activities.

On April 28, 2026, the U.S. Department of the Treasury's OFAC issued new sanctions against several Iranian individuals and entities linked to oil refineries and trade companies. This included the publication of FAQ 1249 and an alert regarding sanctions risks associated with Teapot Oil Refineries. The sanctions list was updated to include individuals such as Seyyed Mohammed Mehdi Al Ghafur and Maryam Anbardaran, among others, who are subject to secondary sanctions. On May 1, 2026, OFAC issued General License W, allowing the wind down of transactions involving certain blocked persons. Additionally, a new FAQ 1250 was published, and an alert was issued regarding Iranian demands for Strait of Hormuz passage. The sanctions are part of ongoing efforts to curb Iran's influence and activities in the region. The updated list includes individuals with ties to various companies, indicating a broad scope of impact on Iranian trade and international relations.