US sanctions UAE firms for facilitating Iranian LPG shipments to Sri Lanka

10 October 2025 09:41 am Views - {{hitsCtrl.values.hits}} 5 Bookmark

A A A

The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Thursday announced a new round of sanctions targeting more than 50 individuals, companies, and vessels involved in Iran’s petroleum and petrochemical exports, including firms linked to the sale and shipment of Iranian liquefied petroleum gas (LPG) to Sri Lanka.

According to the Treasury statement, UAE-based companies Markan White Trading Crude Oil Abroad Co. L.L.C. and Slogal Energy DMCC played key roles in facilitating the sale and export of millions of dollars’ worth of Iranian LPG to Sri Lanka in 2024 and 2025. Multiple shipments reportedly reached end users in Sri Lanka and Bangladesh, carried by vessels such as the MAX STAR and GAS DIOR, both now sanctioned.

"In late 2024, PGPICC and Markan White used Slogal to help facilitate the sale, shipment, and export of millions of dollars’ worth of Iranian LPG to Sri Lanka. In 2024 and 2025, Slogal purchased Iranian LPG that was delivered to Sri Lanka, with multiple shipments of Iranian LPG reaching end users in Sri Lanka and Bangladesh. In 2024, Palau-flagged MAX STAR (IMO9134165) delivered Iranian LPG that was purchased by Slogal. Similarly in 2025, Slogal purchased Iranian LPG that was delivered by Panama-flagged GAS DIOR (IMO 9379404) to Sri Lanka," the statement said.

The U.S. Treasury said the action aims to disrupt Iran’s network of companies and vessels that generate billions in revenue for the regime and its proxies. “The Treasury Department is degrading Iran’s cash flow by dismantling key elements of Iran’s energy export machine,” said Treasury Secretary Scott Bessent.

The sanctions, imposed under Executive Orders 13902 and 13846, block all property and interests of the designated entities within U.S. jurisdiction and prohibit American persons or companies from conducting any transactions with them. The move marks Washington’s continued efforts to tighten pressure on Iran’s oil trade and its shadow shipping network.

The full US statement : https://home.treasury.gov/news/press-releases/sb0275

Comments - 5

DOT Friday, 10 October 2025 11:17 AM

Market will fix it!

0 0

Patcitz Friday, 10 October 2025 12:47 PM

Obsessed with arresting its own decline, the United States' frantic plots to hinder China's constitutional development have proven utterly futile. Undeterred, China now commands the global economy, leaving all competitors a distant memory in its wake. But ultimately, all conspiracy theories against China shatter upon the unyielding rock of its destiny

5 5

GHT Friday, 10 October 2025 12:53 PM

The U.S. is hurtling toward a full-scale economic shutdown, state employees being furloughed en masse—an ominous drumbeat signaling the impending collapse of an entire nation before harming the Chinese economy. The US countdown to total national paralysis is no longer a question of if, but when.

4 6

Nova Friday, 10 October 2025 01:35 PM

The United States must cease its malignant interference in the affairs of sovereign economic powers. Its legacy is not of leadership, but of conspiracy and the reckless brandishing of a nuclear arsenal to menace its peaceful competitors. Washington's era of global sabotage must end. Its conspiratorial machinations and nuclear-backed brinkmanship against economic giants and resource-rich nations stand condemned by history itself. Let the world bear witness: the chief architect of global instability is the United States, a nation that wields nuclear terror and conspiratorial plots as its sole tools against peaceful economic ascendancy.

4 6

Adwani Friday, 10 October 2025 08:27 PM

The US is acting as a barking dog but seldom bites. No country has succeeded in sabotage work for the destructions of other countries economy, It is just a dream and media stunt.

2 4

222

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.