WASHINGTON—Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is placing further pressure on the Iranian shadow fleet, which exports Iranian petroleum and petroleum products through deceptive shipping practices. OFAC is targeting 29 shadow fleet vessels and their respective management firms that have transported hundreds of millions of dollars’ worth of Iranian petroleum products. Today’s action also targets Hatem Elsaid Farid Ibrahim Sakr, an Egyptian businessman whose companies are associated with seven of the 29 shadow fleet vessels included in this action, as well as multiple shipping companies.

“As President Trump has said repeatedly, the United States will not allow Iran to have a nuclear weapon,” said Treasury Under Secretary for Terrorism and Financial Intelligence John K. Hurley. “Treasury will continue to deprive the regime of the petroleum revenue it uses to fund its military and weapons programs.”

egyptian ENABLER OF IRANIAN PETROLEUM EXPORTSUAE-based Egyptian shipping businessman Hatem Elsaid Farid Ibrahim Sakr (Sakr) owns and operates multiple companies, including UAE-based Red Sea Ship Management LLC and High Seas Petroleum LLC, formerly known as Petrofleet Energy Trading LLC, that have been responsible for transporting large quantities of Iranian petroleum products in the Persian Gulf region, including in coordination with Iranian Ministry of Defense and Armed Forces Logistics-associated front company Sahara Thunder.  Red Sea Ship Management LLC manages and operates the Palau-flagged products tankers SKYLIGHT (IMO 9330020), KHADIGA (IMO 9321469), and INTAN PREMIER (IMO 9358802), each of which have transported Iranian petroleum products such as naphtha, bitumen, and fuel oil.  The SKYLIGHT, previously known as the AL MOUSTAFA, was acquired by Sakr in June 2023.  Immediately after acquiring the vessel, the SKYLIGHT was used for a ship-to-ship transfer of Iranian condensate in the interest of Sahara Thunder. Hatem Elsaid Farid Ibrahim Sakr is being designated pursuant to E.O. 13902 for operating in the petroleum sector of the Iranian economy.  Red Sea Ship Management LLC and High Seas Petroleum LLC are being designated pursuant to E.O. 13902 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Hatem Elsaid Farid Ibrahim Sakr.  SKYLIGHT, KHADIGA, and INTAN PREMIER are being identified as blocked property in which Red Sea Ship Management LLC has an interest. Sakr’s companies transferred management of several vessels to UAE-based Qatrat Alnada Almasi Ship Management L.L.C (Qatrat Alnada), including at least three vessels that have transported Iranian petroleum products.  Qatrat Alnada’s vessels, including the Palau-flagged SEA WISE (IMO 9224570), SEAMULL (IMO 9204776), and SEA ROCK (IMO 9140451), have each transported Iranian petroleum products, including naphtha and gasoil, on multiple occasions.  Qatrat Alnada also operates and manages the Palau-flagged tanker SEA CITRINE VI (IMO 9207273).  All four vessels have made port calls to Houthi-controlled ports in Yemen. Qatrat Alnada Almasi Ship Management L.L.C is being designated pursuant to E.O. 13902 for operating in the petroleum sector of the Iranian economy.  SEA WISE, SEAMULL, SEA ROCK, and SEA CITRINE VI are being identified as blocked property in which Qatrat Alnada Almasi Ship Management L.L.C has an interest.