The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing this update to a September 2019 advisory to assist the global shipping and maritime industry in identifying sanctions evasion related to the shipment of Iranian-origin petroleum, petroleum products, or petrochemical products and implement sanctions compliance practices to guard against such sanctions risk. This amended guidance is part of Treasury’s implementation of President Trump’s February 4, 2025, National Security Presidential Memorandum (NSPM-2), which imposes a policy of maximum pressure on the Government of Iran. NSPM-2 directs Treasury to implement a robust and continual sanctions enforcement campaign to deny the Iranian regime and its terror proxies access to revenue and, in coordination with the Department of State, to drive Iranian oil exports to zero.

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