Iran-related Designations

Treasury Press Release: Treasury Disrupts Iranian Regime’s Strait of Hormuz Extortion Network

State Press Release: Countering Iran’s Exploitation of the Strait of Hormuz

Additions:

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

OFAC Program: IRAN-EO13902  Executive Order 13902

BILLION NEXUS INT’L CO., LIMITED

• AKA: BILLION NEXUS INT’L CO LTD
• Address: Unit 60, 3rd Floor, Yau Lee Centre, 45, Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong, China
• Organization Established Date: 22 Jul 2025
• Identification Number: IMO 0306224
• Business Registration Number: 78498463 (Hong Kong)

Supplemental Information: Billion Nexus Int’l Co., Limited, based in Hong Kong, owns and operates the crude oil tanker AL SALMI, which has moved hundreds of thousands of barrels of Iranian oil to China since 2025. It is one of eight companies designated today for operating in Iran’s petroleum sector, part of a broader campaign that has now covered more than 100 vessels linked to Iran’s shadow fleet since the start of the year.

BRANCH SAYING INTERNATIONAL TRADING CO LTD

• Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro 96960, Marshall Islands
• Organization Established Date: 10 Sep 2025
• Identification Number: IMO 0359778
• Business Registration Number: 133779 (Marshall Islands)

Supplemental Information: Branch Saying International Trading Co Ltd, based in the Marshall Islands, owns the crude oil tanker YEHOPE, which has carried hundreds of thousands of barrels of Iranian crude to China in 2026. It is designated for operating in Iran’s petroleum sector.

CONFIDENT APEX LIMITED (Chinese Traditional: 帆起有限公司)

• AKA: CONFIDENT APEX LTD
• Address: Room D, 10th Floor, Tower A Billion Centre, 1, Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong, China
• Organization Established Date: 31 Dec 2024
• Identification Number: IMO 0123299
• Business Registration Number: 77537070 (Hong Kong)

Supplemental Information: Confident Apex Limited, based in Hong Kong, owns and operates the crude oil tanker LILY (also known by the name “DANYA”), which has carried millions of barrels of Iranian oil since 2025. It is designated for operating in Iran’s petroleum sector.

HORMUZSAFE MARINE SERVICES AUTHORITY

• AKA: HORMUZ SAFE (Arabic: هرمز سیف)
• Address: Bandar Abbas, Hormozgan Province, Iran
• Website: https://hormuzsafe.ir
• Additional Sanctions Information: Subject to Secondary Sanctions
• Organization Established Date: 2026
• Organization Type: Financial and Insurance Activities

Supplemental Information: Per Treasury and State, HormuzSafe (also marketed as Hormuz Safe) is an Iranian digital insurance venture developed by Iran’s Ministry of Economy that advertises maritime services – insurance, traffic control, security, and emergency response – to vessels transiting the Strait of Hormuz. It accepts Bitcoin and other digital-asset payments as part of the regime’s efforts to route around Western sanctions, and was promoted to social media followers by previously sanctioned regime financier Babak Morteza Zanjani. Along with the Persian Gulf Marine Insurance Company, HormuzSafe brokers IRGC-approved policies covering risks – chiefly vessel seizure – that Iran itself largely manufactures, generating revenue for IRGC operations. It is designated for operating in the financial sector of the Iranian economy.

MARINOVA FREIGHT LIMITED

• Address: Room 310 3/F, Stag Building, 148-150 Queen’s Road Central, Hong Kong, China
• Organization Established Date: 26 Mar 2026
• Identification Number: IMO 0451967
• Business Registration Number: 80062070 (Hong Kong)

Supplemental Information: Marinova Freight Limited, based in Hong Kong, owns, operates, and manages the crude oil tanker NATSUMI, which has carried millions of barrels of Iranian crude to China since 2022. It is designated for operating in Iran’s petroleum sector.

NEVADA SPIRIT COMPANY LIMITED

• AKA: NEVADA SPIRIT CO LTD
• Address: Rm 8 15/F Witty Coml Bldg, 1A-1L Tung Choi St, Mongkok, Kowloon, Hong Kong, China
• Organization Established Date: 05 May 2022
• Identification Number: IMO 6326461
• Business Registration Number: 74012178 (Hong Kong)

Supplemental Information: Nevada Spirit Company Limited, based in Hong Kong, owns and operates the crude oil tanker BREEZE V, which has carried millions of barrels of Iranian oil to China in 2026. It is designated for operating in Iran’s petroleum sector.

OCEAN TRANQUILITY LIMITED

• Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro 96960, Marshall Islands
• Organization Established Date: 18 Feb 2022
• Identification Number: IMO 6357680
• Business Registration Number: 113191 (Marshall Islands)

Supplemental Information: Ocean Tranquility Limited, based in the Marshall Islands, owns, operates, and manages the crude oil tanker NIRETA, which has carried hundreds of thousands of barrels of Iranian crude to China in 2026. It is designated for operating in Iran’s petroleum sector.

PERSIAN GULF MARINE INSURANCE COMPANY (Arabic: شركة تأمین الخلیج الفارسي البحري)

• Address: Iran
• Additional Sanctions Information: Subject to Secondary Sanctions
• Organization Established Date: 2026
• Organization Type: Financial and Insurance Activities

Supplemental Information: Per Treasury, the Persian Gulf Marine Insurance Company (PGMIC) was established by the Central Insurance of the Islamic Republic of Iran, the country’s primary insurance regulator. PGMIC brokers and issues policies approved by the Persian Gulf Strait Authority (PGSA), an IRGC-backed body Treasury designated on May 27, 2026 pursuant to E.O. 13224, as amended, for materially supporting the IRGC. PGMIC’s coverage addresses risks – most notably vessel seizure – that are largely of Iran’s own making, generating revenue that helps fund the regime’s terror and corruption. It is designated for operating in the financial sector of the Iranian economy.

QI HANG SHIP MANAGEMENT LIMITED (Chinese Traditional: 啟航船舶管理有限公司)

• Address:
  • Room D, 16th Floor, China Merchants Tower, 1008, Wanghai Lu, Nanshan Qu, Shenzhen, Guangdong, China
  • Rm 30 3/F East Sun Indl Ctr Blk A, 16 Shing Yip St, Kwun Tong, Kowloon, Hong Kong, China
• Organization Established Date: 29 Jul 2025
• Identification Number: IMO 0301550
• Business Registration Number: 78537348 (Hong Kong)

Supplemental Information: Qi Hang Ship Management Limited, based in China and Hong Kong, owns, operates, and manages the chemical/products tanker WELL SAIL, which has carried hundreds of thousands of barrels of Iranian petroleum products to the United Arab Emirates in 2026. It is designated for operating in Iran’s petroleum sector.

VAST MIGHTY LIMITED

• Address:
  • 12th Floor, Fu Cheong Centre 5-7, Wong Chuk Yeung Street, Fo Tan, Sha Tin, New Territories, Hong Kong, China
  • Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro 96960, Marshall Islands
• Organization Established Date: 30 Sep 2022
• Alt. Organization Established Date: 06 Jul 2023
• Identification Number: IMO 0024761
• Business Registration Number: 120802 (Marshall Islands)
• Registration Number: 74471259 (Hong Kong)

Supplemental Information: Vast Mighty Limited, based in Hong Kong and the Marshall Islands, owns, operates, and manages the crude oil tanker CRYSTAL, which has carried millions of barrels of Iranian crude to China in 2026. It is designated for operating in Iran’s petroleum sector.

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

OFAC Program: IRAN-EO13902  Executive Order 13902

AL SALMI

• Vessel Type: Crude Oil Tanker
• Vessel Flag: Unknown
• Former Vessel Flag: Panama
• Vessel Year of Build: 2005
• Vessel Registration Identification: IMO 9298296
• Party Type: Vessel
• Linked to: BILLION NEXUS INT’L CO., LIMITED

Supplemental Information: Per Treasury, AL SALMI has transported hundreds of thousands of barrels of Iranian oil to China since 2025.

BREEZE V (8P2249)

• Vessel Type: Crude Oil Tanker
• Vessel Flag: Barbados
• Vessel Year of Build: 2003
• Vessel Registration Identification: IMO 9259355
• MMSI: 314887000
• Party Type: Vessel
• Linked to: NEVADA SPIRIT COMPANY LIMITED

Supplemental Information: Per Treasury, BREEZE V has transported millions of barrels of Iranian oil to China in 2026.

CRYSTAL (YJRP6)

• Vessel Type: Crude Oil Tanker
• Vessel Flag: Vanuatu
• Vessel Year of Build: 2002
• Vessel Registration Identification: IMO 9223887
• MMSI: 577706000
• Party Type: Vessel
• Linked to: VAST MIGHTY LIMITED

Supplemental Information: Per Treasury, CRYSTAL has transported millions of barrels of Iranian crude oil to China in 2026.

LILY (3EVK3)

• AKA: “DANYA”
• Vessel Type: Crude Oil Tanker
• Vessel Flag: Mozambique
• Former Vessel Flag: Panama
• Vessel Year of Build: 2005
• Vessel Registration Identification: IMO 9294331
• MMSI: 353502000
• Party Type: Vessel
• Linked to: CONFIDENT APEX LIMITED

Supplemental Information: Per Treasury, LILY has transported millions of barrels of Iranian oil since 2025.

NATSUMI (8PTM)

• Vessel Type: Crude Oil Tanker
• Vessel Flag: Barbados
• Vessel Year of Build: 2006
• Vessel Registration Identification: IMO 9331244
• MMSI: 314231000
• Party Type: Vessel
• Linked to: MARINOVA FREIGHT LIMITED

Supplemental Information: Per Treasury, NATSUMI has transported millions of barrels of Iranian crude oil to China since 2022.

NIRETA (YJRR9)

• Vessel Type: Crude Oil Tanker
• Vessel Flag: Vanuatu
• Vessel Year of Build: 2003
• Vessel Registration Identification: IMO 9237785
• MMSI: 577715000
• Party Type: Vessel
• Linked to: OCEAN TRANQUILITY LIMITED

Supplemental Information: Per Treasury, NIRETA has transported hundreds of thousands of barrels of Iranian crude oil to China in 2026.

WELL SAIL (V7A4071)

• Vessel Type: Chemical/Products Tanker
• Vessel Flag: Marshall Islands
• Vessel Year of Build: 2007
• Vessel Registration Identification: IMO 9321938
• MMSI: 538012177
• Party Type: Vessel
• Linked to: QI HANG SHIP MANAGEMENT LIMITED

Supplemental Information: Per Treasury, WELL SAIL has transported hundreds of thousands of barrels of Iranian petroleum products to the United Arab Emirates in 2026.

YEHOPE (8PPX)

• Vessel Type: Crude Oil Tanker
• Vessel Flag: Barbados
• Vessel Year of Build: 2003
• Vessel Registration Identification: IMO 9243320
• MMSI: 314001154
• Party Type: Vessel
• Linked to: BRANCH SAYING INTERNATIONAL TRADING CO LTD

Supplemental Information: Per Treasury, YEHOPE has transported hundreds of thousands of barrels of Iranian crude oil to China in 2026.

Sources:

• OFAC, Program Tag Definitions for OFAC Sanctions Lists (for the IRAN-EO13902 program tag description)