Iran-related Designations; Issuance of Iran-related General License and Frequently Asked Question; Publication of Iran-related OFAC Alert

State Press Release: U.S. Sanctions Tighten Grip on Iran-China Oil Trade

Treasury Press Release: Economic Fury Targets Iranian Shadow Banking Networks Moving Billions in Foreign Currency

Additions:

The following individuals have been added to OFAC’s SDN List:

OFAC Program: IRAN-EO13846 Executive Order 13846 (Iran)

LI, Xinchun

• Address: 9 Donggang Rd, Building 9 Room 2302, Huangdao, Qingdao, Shandong 266520, China
• DOB: 02 Feb 1964
• POB: Qingdao, China
• Nationality: China
• Gender: Male
• Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv)
• Passport: EB7969411 (China)
• National ID No.: 370203196402020313 (China)
• Party Type: Individual
• Linked to: QINGDAO HAIYE OIL TERMINAL CO., LTD.

Supplemental Information: Xinchun Li is a Chinese national and the president of Qingdao Haiye Oil Terminal Co., Ltd. He is being blocked pursuant to section 5(a)(vii) of E.O. 13846 as a principal executive officer of Qingdao Haiye.

OFAC Program: IRAN-EO13902 Executive Order 13902 (Iran)

GHASEMI RAD, Nasser

• DOB: 01 Aug 1969
• POB: Silvaneh, Orumiyeh, Iran
• Nationality: Iran
• Alt. Nationality: Saint Kitts and Nevis
• Additional Sanctions Information – Subject to Secondary Sanctions
• Gender: Male
• Passport: RE0003971 (Saint Kitts and Nevis)
• National ID No.: 6389562950 (Iran)
• Party Type: Individual

Supplemental Information: Nasser Ghasemi Rad owns and directs Nasser Ghasemi Rad and Associates Partnership Company, commonly known as Radin Exchange. He uses his Saint Kitts and Nevis citizenship to obscure ties to Iran. Radin Exchange alone enables billions of dollars’ worth of transactions annually, making it a key part of Iran’s shadow banking networks.

PIROUZAN, Pedram

• Address: United Arab Emirates; Iran
• DOB: 26 Feb 1986
• POB: Iran
• Nationality: Iran
• Alt. Nationality: Dominica
• Additional Sanctions Information – Subject to Secondary Sanctions
• Gender: Male
• Passport: RA037754 (Dominica)
• National ID No.: 0082944581 (Iran)
• Identification Number: 784198696733694 (United Arab Emirates)
• Residency Number: 219422862 (United Arab Emirates)
• Party Type: Individual

Supplemental Information: Pedram Pirouzan owns and operates Pedram Pirouzan and Associates Partnership Company, commonly known as Opal Exchange, a leading sanctions-evasion facilitator. Opal Exchange maintains an extensive network of front companies that provide critical support to Iranian importers and exporters. Pirouzan conceals his Iranian background by listing his Dominica citizenship, obtained via investment, on registration documents, allowing him to set up companies and bank accounts in foreign jurisdictions.

REZAEI, Hossein Mohammad

• AKA: MOHAMMADREZAEI, Hossein
• Address: United Arab Emirates; Iran
• DOB: 17 Sep 1985
• POB: Iran
• Nationality: Iran
• Alt. Nationality: Dominica
• Additional Sanctions Information – Subject to Secondary Sanctions
• Gender: Male
• Passport: RA021882 (Dominica)
• National ID No.: 0079865135 (Iran)
• Identification Number: 784198507597577 (United Arab Emirates)
• Party Type: Individual

Supplemental Information: Hossein Mohammad Rezaei is Pedram Pirouzan’s partner in Opal Exchange. Like Pirouzan, he conceals his Iranian background by listing his Dominica citizenship on registration documents when setting up front companies.

REZAEI, Masoud Mohammad

• Address: Iran
• DOB: 21 Sep 1974
• POB: Tehran, Iran
• Nationality: Iran
• Additional Sanctions Information – Subject to Secondary Sanctions
• Gender: Male
• Passport: R55528582 (Iran)
• National ID No.: 0071219757 (Iran)
• Party Type: Individual

Supplemental Information: Masoud Mohammad Rezaei serves as a board member and official of Opal Exchange (Pedram Pirouzan and Associates Partnership Company).

TAHAYYORI, Ehsan

• Address: Iran; United Arab Emirates
• DOB: 08 Jan 1982
• POB: Tehran, Iran
• Nationality: Iran
• Additional Sanctions Information – Subject to Secondary Sanctions
• Gender: Male
• National ID No.: 0076281051 (Iran)
• Party Type: Individual

Supplemental Information: Ehsan Tahayyori owns and directs the Tahayyori and Associates Partnership Company, commonly known as Tahayyori Guarantee Society or Arz Iran Exchange. Tahayyori and his exchange house leverage an international network of front companies that launder billions of dollars annually, circumvent sanctions, and enable Iranian banks, exporters, and importers access to foreign currency supporting the Iranian regime.

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The following entities have been added to OFAC’s SDN List:

OFAC Program: IRAN-EO13846 Executive Order 13846 (Iran)

ONBOARD SHIP MANAGEMENT LIMITED

• Address: Level 18, V Heun Building, 138 Queen’s Road, Hong Kong, China
• Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv)
• Organization Established Date: 27 Mar 2020
• Identification Number: IMO 6162377
• Company Number: 2927426 (Hong Kong)
• Business Registration Number: 71717836 (Hong Kong)

Supplemental Information: Onboard Ship Management Limited is a Hong Kong-based vessel management company which served as the technical and ISM manager for the U.S.-sanctioned LPG tanker OUREA (IMO: 9350422) during the vessel’s loading from Asaluyeh, Iran, in October 2025. It is being designated pursuant to section 3(a)(ii) of E.O. 13846 for knowingly engaging in a significant transaction for the purchase, acquisition, sale, transport, or marketing of petroleum or petroleum products from Iran.

QINGDAO HAIYE OIL TERMINAL CO., LTD.

• AKA: QINGDAO HAIYEYOU DOCK CO LTD
• Address: No.7, Yougang 3rd Road, Qingdao Economic and Technological Development Zone, Qingdao, Shandong 266000, China
• Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv)
• Organization Established Date: 02 Mar 2006
• Unified Social Credit Code (USCC): 91370211783727424Q

Supplemental Information: Qingdao Haiye is a China-based crude oil terminal owner and operator which received dozens of shipments, totaling tens of millions of barrels of Iranian-origin crude oil in 2025. It operates a crude oil terminal in the Qingdao Huangdao port area in the greater Qingdao Port cluster of China’s Shandong province. The terminal accepted cargo from multiple vessels which conducted illicit ship-to-ship (STS) transfers of Iranian-origin crude off the coast of Singapore in the eastern outside port limits (EOPL), an area identified as a hotspot for illicit STS transfers of Iranian-origin crude. This is the 12th round of sanctions targeting Iranian oil sales since NSPM-2 was issued on February 4, 2025.

THRIVING TIMES INTERNATIONAL CO LTD

• Address: London, United Kingdom
• Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv)
• Organization Established Date: 2023
• Identification Number: IMO 6441879
• Company Number: 14784884 (United Kingdom)

Supplemental Information: Thriving Times International Co Ltd is a United Kingdom-based commercial manager. Its commercially managed vessel NEW FUSION (IMO: 9277723) loaded Iranian petroleum products in April 2025. NEW FUSION is a Panama-flagged oil products tanker that also transported Iran-origin petrochemical products in 2024.

OFAC Program: IRAN-EO13902 Executive Order 13902 (Iran)

AL SAHRA TRADE PETRO DMCC

• Address: Dubai, United Arab Emirates
• Organization Established Date: 22 Sep 2021
• License: DMCC-823735 (United Arab Emirates)
• Economic Register Number (CBLS): 11774969 (United Arab Emirates)
• Linked to: PEDRAM PIROUZAN AND ASSOCIATES PARTNERSHIP COMPANY

Supplemental Information: Designated as a front company of Opal Exchange (Pedram Pirouzan and Associates Partnership Company). Collectively, Iranian exchange houses, including Opal Exchange, have conducted transactions worth hundreds of millions of dollars in various currencies using such companies on behalf of sanctioned Iranian persons.

ARCHITECTONIC CORP LIMITED

• Address: Room 602, 6/F, Kai Yue Commercial Building, No. 2C, Argyle Street, Mongkok, Kowloon, Hong Kong, China
• Organization Established Date: 21 Sep 2023
• Business Registration Number: 75738133 (Hong Kong)

Supplemental Information: Designated pursuant to E.O. 13902 for operating in the financial sector of the Iranian economy.

ATLAS INTERNATIONAL TRADING LIMITED

• Address: Unit 04-05, 16/F The Broadway, No 54-62 Lockhart Road, Hong Kong, China
• Organization Established Date: 11 Aug 2023
• Business Registration Number: 75609374 (Hong Kong)
• Linked to: PEDRAM PIROUZAN AND ASSOCIATES PARTNERSHIP COMPANY

Supplemental Information: Designated as a front company of Opal Exchange (Pedram Pirouzan and Associates Partnership Company).

BAB AL KHANDAQ TRADING COMPANY LLC

• Address: Dubai, United Arab Emirates
• Organization Established Date: 27 Sep 2022
• License: 1102735 (United Arab Emirates)
• Economic Register Number (CBLS): 11944844 (United Arab Emirates)
• Linked to: PEDRAM PIROUZAN AND ASSOCIATES PARTNERSHIP COMPANY

Supplemental Information: Designated as a front company of Opal Exchange (Pedram Pirouzan and Associates Partnership Company).

BLINCHE TRADING LIMITED

• Address: Unit 1507C, 15/F, Eastcore, 398 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong, China
• Organization Established Date: 26 Sep 2022
• Business Registration Number: 74454968 (Hong Kong)
• Linked to: PEDRAM PIROUZAN AND ASSOCIATES PARTNERSHIP COMPANY

Supplemental Information: Designated as a front company of Opal Exchange (Pedram Pirouzan and Associates Partnership Company).

CENTRAL PARK LIMITED

• AKA: SINOPLAS CO., LIMITED
• Address: Rm 803, 8/F Easey Comm Bldg, 253-261 Hennessy Rd, Wan Chai, Hong Kong, China
• Organization Established Date: 30 Aug 2019
• Business Registration Number: 71124156 (Hong Kong)
• Linked to: PEDRAM PIROUZAN AND ASSOCIATES PARTNERSHIP COMPANY

Supplemental Information: Designated as a front company of Opal Exchange (Pedram Pirouzan and Associates Partnership Company).

DECCAN STAR TRADING L.L.C

• Address: Dubai, United Arab Emirates
• Organization Established Date: 13 Jul 2024
• Commercial Registry Number: 2365288 (United Arab Emirates)
• License: 1388009 (United Arab Emirates)
• Chamber of Commerce Number: 549748 (United Arab Emirates)

Supplemental Information: Designated pursuant to E.O. 13902 for operating in the financial sector of the Iranian economy.

LIGHTBORN GOODS TRADING LIMITED

• Address: Flat 1512, 15/F, Lucky Centre, No. 165-171 Wan Chai Road, Wan Chai, Hong Kong, China
• Organization Established Date: 15 Jul 2022
• Company Number: 3172677 (Hong Kong)
• Business Registration Number: 74244694 (Hong Kong)
• Linked to: PEDRAM PIROUZAN AND ASSOCIATES PARTNERSHIP COMPANY

Supplemental Information: Designated as a front company of Opal Exchange (Pedram Pirouzan and Associates Partnership Company).

MULLINGAR TRADING COMPANY LIMITED

• AKA: AMOTT TRADING COMPANY LIMITED
• Address: Room D5, 5/F, King Yip Factory Building, No. 59 King Yip Street, Kwun Tong, Kowloon, Hong Kong, China
• Organization Established Date: 13 Dec 2021
• Business Registration Number: 73630474 (Hong Kong)
• Linked to: PEDRAM PIROUZAN AND ASSOCIATES PARTNERSHIP COMPANY

Supplemental Information: Designated as a front company of Opal Exchange (Pedram Pirouzan and Associates Partnership Company).

NASSER GHASEMI RAD AND ASSOCIATES PARTNERSHIP COMPANY

• AKA:
  • NASSER QASSEMI RAD AND PARTNERS
  • RADIN EXCHANGE
• Address: Unit 12, No. 139, Pasargad Commercial Complex, Mirdamad Blvd, Tehran, Iran
• Additional Sanctions Information – Subject to Secondary Sanctions
• Organization Established Date: 23 Apr 2016
• National ID No.: 14005790750 (Iran)
• Registration Number: 490804 (Iran)

Supplemental Information: Commonly known as Radin Exchange, this entity is owned and directed by Nasser Ghasemi Rad. Radin Exchange alone enables billions of dollars’ worth of transactions annually, making it a key part of Iran’s shadow banking networks. Rad uses his Saint Kitts and Nevis citizenship to obscure ties to Iran.

PEDRAM PIROUZAN AND ASSOCIATES PARTNERSHIP COMPANY

• AKA: OPAL EXCHANGE
• Address: Farhang Street, across from Sang Pol Street, Damavand, Iran
• Additional Sanctions Information – Subject to Secondary Sanctions
• Organization Established Date: 29 Oct 2016
• National ID No.: 14006281118 (Iran)
• Registration Number: 1535 (Iran)

Supplemental Information: Commonly referred to as Opal Exchange, this entity is a leading sanctions-evasion facilitator owned and operated by Pedram Pirouzan. It maintains an extensive network of front companies that provide critical support to Iranian importers and exporters forming the financial lifeline of Iranian banks and the regime. Many of Opal Exchange’s front companies are registered under the names of Pedram Pirouzan and his partner, Hossein Mohammad Rezaei, using their Dominica citizenship to conceal Iranian backgrounds.

SINOBOS LIMITED

• Address: Shop Units 103, 1/F, 68 Yee Wo Street, Causeway Bay, Hong Kong, China
• Organization Established Date: 08 Jul 2024
• Business Registration Number: 76779035 (Hong Kong)
• Linked to: PEDRAM PIROUZAN AND ASSOCIATES PARTNERSHIP COMPANY

Supplemental Information: Designated as a front company of Opal Exchange (Pedram Pirouzan and Associates Partnership Company).

SISU PRIME LIMITED

• Address: Room 702, Kowloon Building, 555 Nathan Road, Kowloon, Hong Kong, China
• Organization Established Date: 26 Nov 2020
• Company Number: 2997625 (Hong Kong)
• Business Registration Number: 72432170 (Hong Kong)
• Linked to: PEDRAM PIROUZAN AND ASSOCIATES PARTNERSHIP COMPANY

Supplemental Information: Designated as a front company of Opal Exchange (Pedram Pirouzan and Associates Partnership Company).

TAHAYYORI AND ASSOCIATES PARTNERSHIP COMPANY

• AKA:
  • ARZ-IRAN EXCHANGE
  • TAHAYYORI AND PARTNERS EXCHANGE
  • TAHAYYORI GUARANTEE SOCIETY
• Address: No. 2, Corner of Mirdamad Grand Bazaar next to Dafineh Museum, Mirdamad Blvd, Valiasr St., Tehran 1969773511, Iran
• Additional Sanctions Information – Subject to Secondary Sanctions
• Organization Established Date: 13 Apr 2009
• National ID No.: 10103925626 (Iran)
• Registration Number: 341695 (Iran)

Supplemental Information: Commonly known as Tahayyori Guarantee Society or Arz Iran Exchange, this entity is owned and directed by Ehsan Tahayyori. The exchange house leverages an international network of front companies that launder billions of dollars annually, circumvent sanctions, and enable Iranian banks, exporters, and importers access to foreign currency supporting the Iranian regime and its military’s destabilizing activities.

TERODA INTERNATIONAL LIMITED

• Address: Flat/Room A, 12/F, ZJ 300, 300 Lockhart Road, Wan Chai, Hong Kong, China
• Organization Established Date: 20 Dec 2011
• Business Registration Number: 59277399 (Hong Kong)
• Linked to: PEDRAM PIROUZAN AND ASSOCIATES PARTNERSHIP COMPANY

Supplemental Information: Designated as a front company of Opal Exchange (Pedram Pirouzan and Associates Partnership Company).

VERDITA TRADING LIMITED

• Address: Room 602, 6/F, Kai Ru Commercial Building 2C, Argyle Street, Kowloon, Hong Kong, China
• Organization Established Date: 03 Oct 2022
• Business Registration Number: 74475952 (Hong Kong)
• Linked to: PEDRAM PIROUZAN AND ASSOCIATES PARTNERSHIP COMPANY

Supplemental Information: Designated as a front company of Opal Exchange (Pedram Pirouzan and Associates Partnership Company).

WIGAN TRADING LLC

• Address: Dubai, United Arab Emirates
• Organization Established Date: 09 Aug 2022
• License: 1071187 (United Arab Emirates)
• Economic Register Number (CBLS): 11922818 (United Arab Emirates)
• Linked to: PEDRAM PIROUZAN AND ASSOCIATES PARTNERSHIP COMPANY

Supplemental Information: Designated as a front company of Opal Exchange (Pedram Pirouzan and Associates Partnership Company).

ZOELLA TRADING LIMITED

• Address: Room 602, 6/F, Kai Ru Commercial Building 2C, Argyle Street, Kowloon, Hong Kong, China
• Organization Established Date: 11 Oct 2022
• Business Registration Number: 74496263 (Hong Kong)
• Linked to: PEDRAM PIROUZAN AND ASSOCIATES PARTNERSHIP COMPANY

Supplemental Information: Designated as a front company of Opal Exchange (Pedram Pirouzan and Associates Partnership Company).

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The following vessel has been added to OFAC’s SDN List:

OFAC Program: IRAN-EO13846 Executive Order 13846 (Iran)

NEW FUSION (3E6068)

• Vessel Type: Oil Products Tanker
• Vessel Flag: Panama
• Vessel Year of Build: 2004
• Vessel Registration Identification: IMO 9277723
• MMSI: 352003203
• Party Type: Vessel
• Linked to: THRIVING TIMES INTERNATIONAL CO LTD

Supplemental Information: NEW FUSION is a Panama-flagged oil products tanker commercially managed by Thriving Times International Co Ltd. It loaded Iranian petroleum products in April 2025 and also transported Iran-origin petrochemical products in 2024. It is being identified as property in which Thriving Times International Co Ltd has an interest.