Iran-related Designations; Counter Terrorism Designations Updates

Treasury Press Release: Economic Fury Targets Iranian LPG Smuggling and Shadow Banking Networks

State Press Release: Sanctions to Strangle Iran’s Energy Smuggling and Illicit Financial Networks

Additions:

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

OFAC Program: [IRAN-EO13902]  Executive Order 13902

GERAMIAN NIK, Mehrdad (Arabic: مهرداد گرامیان نیک)

• AKA: GRAMIAN NIK, Mehrdad
• Address: Tehran, Iran
• DOB: 24 Aug 1964
• POB: Tehran, Iran
• Nationality: Iran
• Alt. nationality: Dominica
• Additional Sanctions Information – Subject to Secondary Sanctions
• Gender: Male
• Passport: V52959771 (Iran)
• Alt. Passport: I73046943 (Iran)
• Alt. Passport: RA051286 (Dominica)
• National ID No.: 0041253825 (Iran)
• Party Type: Individual
• Linked to: MEHRDAD GERAMIAN NIK AND PARTNERS COMPANY

Supplemental Information: Co-operates the family-run exchange house Mehrdad Geramian Nik and Partners Company (Geramian Exchange) alongside Romina Geramian Nik. Geramian Exchange has entered into contracts with sanctioned Iranian banks Bank Tejarat, Bank Mellat, and Bank Pasargad, and over the last several years facilitated transactions moving hundreds of millions of dollars in foreign currency on behalf of those banks. As of early 2026, Geramian Exchange held tens of millions of dollars’ worth of foreign currency on behalf of its sanctioned Iranian bank customers. Like many of his peers, Mehrdad Geramian Nik maintains foreign citizenship in Dominica, reportedly obtained through a citizenship-by-investment program, which enables Iran’s shadow banking actors to travel overseas, establish new companies, and access international banking networks.

GERAMIAN NIK, Romina (Arabic: رومینا گرامیان نیک)

• AKA: GRAMIAN NIK, Rumina
• Address: Tehran, Iran
• DOB: 09 May 1989
• POB: Shemiran, Iran
• Nationality: Iran
• Additional Sanctions Information – Subject to Secondary Sanctions
• Gender: Female
• National ID No.: 0440054621 (Iran)
• Party Type: Individual
• Linked to: MEHRDAD GERAMIAN NIK AND PARTNERS COMPANY

Supplemental Information: Co-operates the family-run Geramian Exchange alongside Mehrdad Geramian Nik.

MIHANDOUST, Mohammad Shakol

• AKA:
  • SHAKOOR, Haji Muhammad
  • SHAKOOR, Muhammad
• Addresses:
  • United Arab Emirates
  • Turkey
• DOB: 24 Nov 1982
• POB: Chabar, Iran
• Nationality: Turkey
• Gender: Male
• Passport: U23085392 (Turkey) expires 31 Jan 2030
• Alt. Passport: U33171256 (Turkey) expires 20 Feb 2034
• National ID No.: 18986951490 (Turkey)
• Party Type: Individual

Supplemental Information: A Turkish national also known as Haji Shakoor, Mihandoust operates a network of UAE-based front companies (Butani Trading LLC, Dundlod Trading FZE, and ADH Energy FZE) alongside Afghani national Sarbaz Abdul Zada, responsible for exporting millions of barrels of Iranian LPG to end users across South and East Asia, often falsely identifying it as Omani LPG to evade sanctions. Mihandoust owns and operates China-based Shanghai Qianye Energy Co., Ltd. In March 2026, ADH Energy FZE was used to sell and export millions of barrels of Iranian LPG to end users in Bangladesh. Mihandoust and Zada rely on Iran’s shadow fleet of vessels to illicitly transport Iranian LPG to foreign markets.

ZADA, Sarbaz Abdul

• AKA: BIN HAJJI MOLLA NUR, Sarbaz Abdul Zada (Arabic: سرباز عبدل بن حاجي مولانور)
• Address: United Arab Emirates
• DOB: 01 Jan 1977
• Nationality: Afghanistan
• Gender: Male
• National ID No.: 122146116 (United Arab Emirates) expires 16 May 2032
• Identification Number: 784-1977-2690971-2 (United Arab Emirates)
• Party Type: Individual

Supplemental Information: An Afghani national, Zada operates a network of UAE-based front companies alongside Turkish national Mohammad Shakol Mihandoust, responsible for exporting millions of barrels of Iranian LPG to end users in South and East Asia, often falsely labeled as Omani LPG to evade sanctions. Zada has also used UAE-based Sahel Star Oil and Gas Company LLC to ship Iranian LPG. Zada and Mihandoust rely on Iran’s shadow fleet of vessels to illicitly transport Iranian LPG to foreign markets.

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

OFAC Program: [IRAN-EO13902]  Executive Order 13902

ADAMAS SHIPPING INC

• Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro 96960, Marshall Islands
• Organization Established Date: 21 Jun 2023
• Identification Number: IMO 6420321
• Business Registration Number: 120582 (Marshall Islands)

Supplemental Information: Owns, manages, and operates the Panama-flagged LPG tanker GAS LAGOON (IMO 9386304), which has transported millions of barrels of Iranian LPG since 2023.

ADH ENERGY FZE

• Address: P5-ELOB, Office No E2-122G-10, Hamriyah Free Zone, Sharjah, United Arab Emirates
• Website: http://www.adhenergyfze.com
• Organization Established Date: 23 Jan 2025
• Business Registration Number: 38672 (United Arab Emirates)

Supplemental Information: A UAE-based front company operating in furtherance of Zada and Mihandoust’s Iranian LPG smuggling scheme. In March 2026, ADH Energy FZE was used to sell and export millions of barrels of Iranian LPG to end users in Bangladesh.

BLACK GOLD TRADE CORPORATION

• Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro 96960, Marshall Islands
• Organization Established Date: 21 Aug 2024
• Identification Number: IMO 0042360
• Business Registration Number: 127595 (Marshall Islands)

Supplemental Information: Owns the Panama-flagged LPG tanker MILE (IMO 8910897), which has transported millions of barrels of Iranian LPG since 2024.

BLUE SEA MARINE INCORPORATED AND FAATEH MARITIME INCORPORATED

• AKA: BLUE SEA MARINE INCORPORATED & FAATEH MARITIME INCORPORATED
• Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro 96960, Marshall Islands
• Organization Established Date: 2024
• Identification Number: IMO 0081438

Supplemental Information: Owns, manages, and operates the St. Kitts and Nevis-flagged LPG tanker AMIR GAS (IMO 9167409), which has transported hundreds of thousands of barrels of Iranian LPG since 2025.

BUTANI TRADING LLC

• Address: Office No 481-02-SM1, Port Saeed, Deira, Dubai, United Arab Emirates
• Organization Established Date: 21 Jun 2023
• Commercial Registry Number: 2012881 (United Arab Emirates)
• License: 1201861 (United Arab Emirates)
• Chamber of Commerce Number: 468432 (United Arab Emirates)

Supplemental Information: A UAE-based front company operating in furtherance of Zada and Mihandoust’s scheme. Has shipped tens of thousands of metric tons of Iranian LPG, worth tens of millions of dollars, to South Asia. In early 2025, used the MILE to ship over half a million barrels of Iranian-origin LPG to end users in Bangladesh.

DUNDLOD TRADING FZE

• Address: P6-ELOB, Office No. E2-121 F-55, Hamriyah Free Zone, Sharjah, United Arab Emirates
• Organization Established Date: 06 Jan 2025
• Business Registration Number: 38618 (United Arab Emirates)

Supplemental Information: A UAE-based front company. In October 2025, delivered 22,000 metric tons of LPG to Bangladesh worth approximately $10.5 million USD using the LPG SEVAN. In May 2025, also delivered multiple shipments of LPG to Bangladesh using the GAS ZEINA, which has transported Iranian-origin LPG to Bangladesh since 2024.

ECOSEAS MARITIME LIMITED

• Address: 80 Broad Street, Monrovia, Liberia
• Organization Established Date: 2020
• Identification Number: IMO 6158030

Supplemental Information: Owns the Panama-flagged LPG tanker GLENDALE (IMO 9139945), which has transported millions of barrels of Iranian LPG since 2020.

GAS GMS LIMITED

• Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro 96960, Marshall Islands
• Organization Established Date: 31 May 2023
• Identification Number: IMO 6413451
• Business Registration Number: 120290 (Marshall Islands)

Supplemental Information: Owns the Panama-flagged LPG tanker GAZ GMS (IMO 9131539), which has transported hundreds of thousands of barrels of Iranian LPG since 2023.

LIMRA GAS LIMITED

• Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro 96960, Marshall Islands
• Organization Established Date: 11 Apr 2023
• Identification Number: IMO 6400813
• Business Registration Number: 119426 (Marshall Islands)

Supplemental Information: Owns, manages, and operates the Palau-flagged LPG tanker MD 23 (IMO 9158240), which has transported hundreds of thousands of barrels of Iranian LPG since 2023.

MEHRDAD GERAMIAN NIK AND PARTNERS COMPANY (Arabic: شرکت مهرداد گرامیان نیک و شرکا)

• AKA: MEHRDAD GERAMIAN NIK AND PARTNERS EXCHANGE
• Address: No. 25, Ground Floor, Rose Commercial and Administrative Complex, Opposite the Central Bank, Mirdamad Boulevard, Tehran, Tehran, Iran
• Additional Sanctions Information – Subject to Secondary Sanctions
• Organization Established Date: 22 Feb 2011
• National ID No.: 10320482405 (Iran)
• Registration Number: 397342 (Iran)

Supplemental Information: An Iran-based exchange house (Geramian Exchange) that has entered into contracts with sanctioned Iranian banks Bank Tejarat, Bank Mellat, and Bank Pasargad. Over the last several years, facilitated transactions moving hundreds of millions of dollars in foreign currency on behalf of those banks, and as of early 2026 held tens of millions of dollars’ worth of foreign currency on behalf of its sanctioned Iranian bank customers. OFAC has previously taken actions to dismantle Iran’s network of brokers, including against Radin Exchange, Arz Iran Exchange, Opal Exchange, and Amin Exchange. Iran’s foreign exchange system relies heavily on selected brokers and rahbar companies, which use overseas shell and front companies to conceal Iranian connections, bypass sanctions, and move funds through accounts typically held outside Iran.

SAHEL STAR OIL AND GAS COMPANY LLC (Arabic: شركة ساحل ستار للنفط والغاز الطبيعي)

• Address: Office No 3108-3109, Parcel Plot 346-485, Bur Dubai, Dubai, United Arab Emirates
• Organization Established Date: 17 Oct 2021
• License: 993937 (United Arab Emirates)
• Business Registration Number: 11766762 (United Arab Emirates)
• Linked to: ZADA, Sarbaz Abdul

Supplemental Information: A UAE-based company that Sarbaz Abdul Zada has used to ship Iranian LPG.

SHANGHAI QIANYE ENERGY CO., LTD. (Chinese Simplified: 上海千烨能源科技有限公司)

• Address: Room 2701B, No. 99 Xianxia Road, Shanghai 200050, China
• Organization Established Date: 12 Jul 2023
• Commercial Registry Number: 310000401066334 (China)
• Unified Social Credit Code (USCC): 91310000MACNLJYM25 (China)
• Linked to: MIHANDOUST, Mohammad Shakol

Supplemental Information: A China-based entity owned and operated by Mohammad Shakol Mihandoust.

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

OFAC Program: [IRAN-EO13902]  Executive Order 13902

AMIR GAS (V4WK5)

• Vessel Type: LPG Tanker
• Vessel Flag: St. Kitts and Nevis
• Vessel Year of Build: 1998
• Vessel Registration Identification: IMO 9167409
• MMSI: 314550001
• Party Type: Vessel
• Linked to: BLUE SEA MARINE INCORPORATED AND FAATEH MARITIME INCORPORATED

Supplemental Information: The St. Kitts and Nevis-flagged LPG tanker AMIR GAS has transported hundreds of thousands of barrels of Iranian LPG since 2025.

GAS LAGOON (3E4737)

• Vessel Type: LPG Tanker
• Vessel Flag: Panama
• Vessel Year of Build: 2008
• Vessel Registration Identification: IMO 9386304
• MMSI: 352002989
• Party Type: Vessel
• Linked to: ADAMAS SHIPPING INC

Supplemental Information: The Panama-flagged LPG tanker GAS LAGOON has transported millions of barrels of Iranian LPG since 2023.

GAZ GMS (3E4634)

• Vessel Type: LPG Tanker
• Vessel Flag: Panama
• Vessel Year of Build: 1997
• Vessel Registration Identification: IMO 9131539
• MMSI: 352002853
• Party Type: Vessel
• Linked to: GAS GMS LIMITED

Supplemental Information: The Panama-flagged LPG tanker GAZ GMS has transported hundreds of thousands of barrels of Iranian LPG since 2023.

GLENDALE (3FFP9)

• Vessel Type: LPG Tanker
• Vessel Flag: Panama
• Vessel Year of Build: 1996
• Vessel Registration Identification: IMO 9139945
• MMSI: 356634000
• Party Type: Vessel
• Linked to: ECOSEAS MARITIME LIMITED

Supplemental Information: The Panama-flagged LPG tanker GLENDALE has transported millions of barrels of Iranian LPG since 2020.

MD 23 (T8A5356)

• Vessel Type: LPG Tanker
• Vessel Flag: Palau
• Vessel Year of Build: 1998
• Vessel Registration Identification: IMO 9158240
• MMSI: 511101848
• Party Type: Vessel
• Linked to: LIMRA GAS LIMITED

Supplemental Information: The Palau-flagged LPG tanker MD 23 has transported hundreds of thousands of barrels of Iranian LPG since 2023.

MILE (3E4726)

• Vessel Type: LPG Tanker
• Vessel Flag: Panama
• Vessel Year of Build: 1991
• Vessel Registration Identification: IMO 8910897
• MMSI: 352002974
• Party Type: Vessel
• Linked to: BLACK GOLD TRADE CORPORATION

Supplemental Information: The Panama-flagged LPG tanker MILE has transported millions of barrels of Iranian LPG since 2024. In early 2025, Butani Trading LLC used the MILE to ship over half a million barrels of Iranian-origin LPG to end users in Bangladesh.

Amendments:

The following changes have been made to OFAC’s SDN List:

• OFAC Programs:
  • [FTO]  Foreign Terrorist Organizations Sanctions Regulations, 31 C.F.R. part 597
  • [SDGT]  Global Terrorism Sanctions Regulations, 31 C.F.R. part 594; Executive Order 13224

COMANDO VERMELHO

• AKA: “RED COMMAND”
• Address: Brazil
• Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
• Organization Type: Transnational Terrorist Group
• Target Type: Criminal Organization

List of Changes:

• Program Tags:
  • Added: [FTO]

• OFAC Programs:
  • [FTO]  Foreign Terrorist Organizations Sanctions Regulations, 31 C.F.R. part 597
  • [SDGT]  Global Terrorism Sanctions Regulations, 31 C.F.R. part 594; Executive Order 13224
  • [ILLICIT-DRUGS-EO14059]  Executive Order 14059

PRIMEIRO COMANDO DA CAPITAL

• AKA:
  • “FIRST CAPITAL COMMAND”
  • “PCC”
• Address: Brazil
• Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
• Organization Type: Transnational Terrorist Group
• Target Type: Criminal Organization

List of Changes:

• Program Tags:
  • Added: [FTO]