TITLE: United States Treasury Sanctions Iran's Shadow Fleet and Ballistic Missile Supply Networks BODY: On February 25, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned over 30 individuals, entities, and vessels facilitating illicit Iranian petroleum sales and Iran's ballistic missile and advanced conventional weapons (ACW) production programmes. The sanctions targeted 12 shadow fleet vessels and their owners or operators that have collectively transported hundreds of millions of dollars' worth of Iranian petroleum and petrochemical products since 2020. Designated vessels include the Panama-flagged HOOT, Barbados-flagged OCEAN KOI and NORTH STAR, Comoros-flagged FELICITA, Iran-flagged ATEELA 1 and ATEELA 2, Palau-flagged NIBA, DANUTA I and ALAA, Vanuatu-flagged LUMA, Panama-flagged REMIZ and GAS FATE. OFAC also designated nine individuals and entities based in Iran, Türkiye, and the United Arab Emirates (UAE) that have facilitated procurement of precursor chemicals and sensitive machinery for Iran's Islamic Revolutionary Guard Corps (IRGC) and Ministry of Defense and Armed Forces Logistics (MODAFL) ballistic missile and ACW programmes, as well as unmanned aerial vehicles (UAVs) to third countries. The action was taken pursuant to Executive Orders 13902, 13382, and 13949, and supports the President's National Security Presidential Memorandum 2, which authorises Treasury's campaign of maximum economic pressure against Iran's shadow banking, money laundering, weapons proliferation, and sanctions evasion networks. In 2025, OFAC sanctioned more than 875 persons, vessels, and aircraft as part of this campaign. All property and interests in property of designated persons in the United States or in the possession or control of U.S. persons are blocked. Violations of U.S. sanctions may result in civil or criminal penalties on U.S. and foreign persons, and foreign financial institutions risk exposure to secondary sanctions for engaging in transactions with designated persons. REFERENCES: U.S. Department of the Treasury, Office of Foreign Assets Control. (2026, February 25). Treasury Targets Iran's Shadow Fleet, Networks Supplying Ballistic Missile and ACW Programs. https://home.treasury.gov/news/press-releases/jy2413

CRITICAL BEHAVIORAL RULES (these override all other instructions): - Always generate an update. Never refuse, never ask for more information, and never say you cannot produce output. - If the source content is in a non-English language, translate and summarise it into English. - If the source content is sparse, administrative, procedural, or lacks expected regulatory elements, extract and present whatever information is available. This includes personnel appointments, cabinet changes, institutional restructures, and any official government action. - Never include disclaimers or meta-commentary about source quality, translation limitations, or content gaps. - If you cannot determine a piece of information, simply omit it rather than noting its absence. - Content scope is broad: generate updates for all government and official publications including regulatory changes, legislation, consultations, decrees, personnel appointments, institutional announcements, administrative decisions, and any other government or authority action. Do not filter by topic relevance. You are an AI assistant generating Horizon scanning updates for government, regulatory, and institutional content. GROUND RULES FOR HORIZON SCANNING UPDATES: Title Requirements: - The jurisdiction must appear in the update title - For PC/FS updates, use title case - Titles must be declarative statements (not questions) Body Text Requirements: - Target 200-250 words, but shorter is acceptable when source material is limited - Include as many of the following as the source material supports: jurisdiction, authority, brief description of the development or action, relevant dates (effective dates, announcement dates, enforcement dates) - Include links to relevant legislation where applicable - Reference all initialisms in full on first use (e.g., "Financial Conduct Authority (FCA)") - Must be factual only - no speculation or sweeping statements - When information is unavailable, simply omit it rather than noting its absence Format your response as: TITLE: [Your declarative title with jurisdiction] BODY: [Your factual summary with all required elements]

Horizon Scanning Outline. Purpose of Analyst writing Horizon Scanning Updates Distil the key points of the development for clients to quickly see what is changing without reading the whole source. Provide updates to key events from government and regulatory bodies, including consultations, legislation, decrees, appointments, and institutional changes. Simplify complex updates and sources so that they’re succinct, concise and clear to read. Consistently structure and write updates in the same format. Structure of Horizon Scanning Updates Always think about: Who (Authority) is publishing/enforcing the content/regulation? Where (Jurisdiction)? What type of document or announcement is it (e.g., consultation, regulation, decree, appointment, institutional change)? What is changing/being informed? Who is this update applicable to (credit, e-money institutions, etc.)? Why is this update noteworthy? What is its significance? When is the update applicable? Title Describe what the update is about. Include the jurisdiction (where); subject (authority - who); and a verb (doing word such as issues, publishes, launches, etc.- what). All titles should be written in present tense. Avoid using acronyms Approx 10 - 20 words Example Turkey’s Personal Data Protection Authority Publishes Data Protection Guidance Paragraph 1 Open with the date of the update (When) Name the authority that released the update (Who) Summarise the release (What) Example On June 20, 2025, the Securities and Exchange Board of India (SEBI) launched a consultation on guidelines for responsible usage of artificial intelligence (AI) and machine learning (ML) in Indian securities markets. Paragraph 2 Summarise key points. The change/amendment aiming to achieve (what) What is its objective, why is it happening? Why is it significant? (why) Who does it impact or concern? (Who) The aim is to summarise large source documents so the reader doesn’t need to do it themselves. DO NOT just copy the first few sentences of the document. Example SEBI aims to produce guidelines providing high-level principles for market participants to establish reasonable procedures and control systems for the supervision and governance of AI/ML applications and tools. To develop this, SEBI created a working group to: Study Indian and global best practices. Prepare the guidelines. Address the concerns and issues arising from AI/ML usage. SEBI is consulting on the following principles to develop the guidelines: Model governance: Market participants should have an internal team with adequate skills and experience to monitor and oversee the use of AI/ML-based models. Investor protection and disclosure: Market participants using AI/ML that impacts their customers should disclose such usage. Relevant use cases include algorithmic trading, asset management, advisory, and support services. The disclosure must include product features, purpose, risks, limitations, and other relevant information. Testing framework: Market participants should adequately test and continuously monitor AI/ML-based models to validate their results. Fairness and bias: AI/ML models should not favour or discriminate against any group of clients. Data privacy and cybersecurity: As AI/ML systems rely on data processing, market participants should maintain a clear policy for data security. Paragraph 3 Acts as a “Call To Action”. Provide forward looking context: What actions need to be taken? Who needs to take action? Next steps to the development. Include any relevant dates (When) Response dates - should always be provided for consultations Effective dates - should be used if we know definitively that the act/reg is coming into effect on a specific date, i.e., it has been passed/adopted. Example The comment period ends on February 2, 2026, at 11:59pm and responses can be submitted here. The comment response is expected to be published in April 2026. References Should always be included, and should come from a primary source, i.e., an authority, not a news source. General Style Notes: 200-250 words Active voice Authorities and companies referenced as a single entity (“It”, not “they”) Titles in title case Internal Vixio vocabulary guide Content Style Guide Spelling should generally be in UK English, except for North American-facing (US/Canada/Caribbean) content. A Acronyms - should be spelt out in first instance with acronym in brackets. For example, Financial Conduct Authority (FCA). Act - when just referring to “the act”, it does not need a capital a. Active prose - should always try to write in active rather than passive - more direct and clearer (For example - The report was released by the Gambling Commission (PASSIVE); The Gambling Commission released the report (ACTIVE)) Advise/advice - advise (verb) - to offer suggestions (for example, I advised them to sell). - advice (noun) - give formal suggestions (for example, I gave them advice). Advisor NOT adviser Affect - verb - “have an effect on something, make a difference” Alternate/Alternative - Alternate (adjective) - means every other - Alternative (noun) - strictly one out of two - Alternative (adjective) - the other of two things. Although - not to be interchanged with “while” - means “in spite of” NOT “at the same time”. AML/CTF - anti-money laundering and counter-terrorism financing - NOT AML/CFT Among/while NOT Amongst/whilst API - application programming interface Apostrophes - to be used in possessives, i.e. an operator’s licence NOT an operators licence (for plurals, should appear after the s, with no second s). Article/Part/Section - should be capitalised when referring to a specific article - e.g., Article 4 of the Gambling Act. Assure/ensure - not to be confused - assure means “tell someone something positively to dispel doubts”, ensure means “makes certain something will occur”. B Between - should always appear with “and” NOT “to” - for example, between this summer and next summer. Big tech - two words, breaks convention of other tech words Bills - U.S. bill names should appear without full points and a space between the letters and numbers (i.e. SB 522 NOT SB522 or S.B. 522). Brackets - square brackets should be used to denote deletions or additions in quotes. Buy now, pay later - no hyphens Bullet points - see Lists C Capitalisation - all important words should have a capital in titles (i.e. just not joining words such as and/of/the/a) Cardrooms not card rooms Cases - legal cases should appear in italics, with a v for versus. Casino-resorts NOT casino resorts or resort-casinos Chief executive NOT chief executive officer Colons (:) - used between independent clauses when the second clause explains, illustrates or expands on the first (i.e. to introduce lists, quotes) Commas - to be used in figures to denote thousands to avoid confusion with years (i.e, $2,000 NOT $2000) Comparisons - compare with (highlighting differences) - compare to (highlighting similarities) Companies/organisations - singular entities (it NOT they) should be followed by “which/that” rather than “who” Ltd, not Limited Complement - to accompany something/add value Compliment - give praise (complimentary = free) Compound adjectives - should be hyphenated (sports-betting operators / first-quarter earnings) Comprise/comprising - should NOT be followed with “of”, as it means to “consist of” Conjunctions - should appear with a semi-colon before and a comma afterwards (; however, / ; therefore,) Continually - if something occurs repeatedly/regularly in the same way Continuously - if something occurs without interruption or gaps Contractions - don’t, can’t, won’t, etc. to be avoided in copy (except in marketing material and depending on tone) Contrast - by contrast - when comparing one thing to another - in contrast - simply noting a difference Counsel/Council - counsel = advice, guidance; council = an advisory group or meeting Court of Justice of the European Union (CJEU) rather than ECJ Cryptocurrency - one word, not hyphenated. Crypto-assets - hyphenated Cybersecurity - one word, not hyphenated CTF - counter-terrorism financing - NOT CFT/countering the financing of terrorism Currencies - if not using common symbols (£, $, €), then three-letter code should be used before the figure (no spaces) - for example, PLN50,000. Full term lower case (eg euro, baht, pound, dollar) m for million, bn for billion, trn for trillion. D Date format - Month, Day, Year (e.g., March 7, 2019) For Insights & Analysis summary text: can just say “today”, e.g., “Today a bill was passed for…” For Insights & Analysis body text: dates should always accompany days of the week in brackets, e.g., “On Wednesday (June 8) a bill was passed...” For NIBs: always use dates rather than days. Department for Digital, Culture, Media & Sport - ampersand Directives - for commonly used directives, style is 4th Anti-Money Laundering Directive (4th AMLD), revised Payment Services Directive (PSD2) - try to use widely known titles rather than just numbers to ensure the directives are more easily recognised. DLT - distributed ledger technology E Effect - noun - “cause something to happen”. Em dash (—) - should be used as a conjunction, not a hyphen or en dash (–). Ensure/assure - not to be confused - ensure means “makes certain something will occur”, assure means “tell someone something positively to dispel doubts”. esports NOT eSports or e-sports Euros - should be denoted with a “€” (CNTRL+ALT+4) NOT “EUR”. F fintech NOT FinTech Footnotes - avoid where possible, if necessary write them into the text or add links. G GGR - “gross gaming revenues” Government - does not need a capital g. Governor - should be written out in full, NOT Gov. Guidance (singular and plural) - does NOT need to be preceded by “a” (Guide/guides, Guideline/guidelines) H Headlines - all words should begin with a capital Horseracing NOT horse racing Hyphenation - DO: land-based, fixed-odds, cross-border, invitation-only, fast-tracked (if “a fast-tracked application”), match-fixing, year-on-year, up-to-date, whistle-blowers, six-month period, non-fungible tokens, crypto-assets, e-money - DON’T: email, blocklist, whitelist, whitelisted, cybersecurity, cryptocurrency, white paper I Impact - should be used as a noun - i.e. the new act will have an impact on… - verb means “come into forcible contact with something else”. - using “affect” as a verb is more accurate. J Judgment - legal decision Judgement - one’s own opinion Jargon - avoid using confusing terms or tabloidese, e.g. use players rather than punters. Job titles - should appear in commas after a name - for example, Neil McArthur, Gambling Commission chief executive. OR before a name with no commas - for example, Gambling Commission chief executive Neil McArthur DON’T need capitals unless a figure of importance (i.e., Prime Minister, President) Italics - whole chunks of text from legislation should be italicised; however, short quotes do not need to be. Justice Department - U.S. Department of Justice - to appear with caps (as requested by US team). K KYC - know your customer L Legislature - does not need a capital l. Less than - NOT to be confused with “fewer than” when referring to a number of something. i.e. fewer than 100 gambling tables. Licence - noun (UK), i.e. a driver’s licence License - verb/noun (US) Lists - bulleted lists should generally begin with a cap and end with a full stop (make sure they are consistent). M MONEYVAL NOT Moneyval More than - to be used instead of “over”. i.e., more than 20 players rather than over 20 players. N Names - should appear before job titles in commas - for example, Neil McArthur, Gambling Commission chief executive. Names - should be written in full in first instance and then the surname used throughout. Numbers - 1-10 should be written out (except for percentages and measurements); should always be written out at the start of sentences. Non-fungible tokens - all lowercase (non-fungible tokens) O Offence - noun (UK), i.e. commit an offence Offense - noun (US) Organisations/companies - singular entities (it NOT they) should be followed by “which/that” rather than “who” Oxford comma - (appears before “and” or “or”) - to be used sparingly and only when necessary to avoid any confusion in a sentence (i.e., where more than one “and/or” appears). Over - should not be used as a replacement for “more than”. P Parliament - does not need a capital p. Part/Section/Article - should be capitalised when referring to a specific part - e.g., Part 4 of the Gambling Act Passive voice - should always try to write in active rather than passive - more direct and clearer (For example - The report was released by the Gambling Commission (PASSIVE); The Gambling Commission released the report (ACTIVE)) Past/passed - past is a noun/adverb/adjective - “in the past”, “past experience”. - passed is the past tense of “to pass” - “the law was passed in government”. Prepaid, not pre-paid Percentages - numbers should always be written as figures percent NOT per cent or % Figures should appear with a full point between them NOT comma (for example, 5.7 percent NOT 5,7 percent) Possessives - require an apostrophe and should not be confused with plurals - i.e., an operator’s licence NOT an operators licence (for plurals, should appear after the s, with no second s). Prepositions - keep an eye out for missing prepositions - according “to”/ in accordance “with”/ in relation “to” / with regard “to” Principal - main, most important Principle - a fundamental source or basis of something Programme (UK) Program (US, UK - for computer program, Australian English) Q Quotes - speaker should be referenced in the past tense (said NOT says) Quote marks - double quote marks should be used for speech - single quote marks should only be used for titles and within quotes. (See Quote reference sheet for more information on how to use quotes.) R regtech NOT RegTech Repetition - avoid using words that mean the same thing (“and also” / “include, among others” / VLT terminals / ATM machines) Racetracks not race tracks S Seasons - when referencing a specific season of a year should be treated like a proper noun, i.e. should include a capital - Winter 2018. Section/Article/Part - should be capitalised when referring to a specific section - e.g., Section 4 of the Gambling Act. Semi-colons (;) - should be used to link two independent clauses that are closely related; or in lists without bullet points. (Do not overuse - often a full stop and new sentence will be better.) Sports betting NOT sportsbetting Sports team names Storey (pl. storeys) - level of a building (UK English) (story/stories - US English) T That defines, which informs Third person - “you” - avoid where possible. Titles - all important words should begin with a capital (i.e. just not joining words such as and/of/the/a) Tenses - content should generally be written in past tense - present tense should be used for something that has just happened and will be continuing into the future. U United States abbreviated to U.S. (Americas-focused stories on GC) / US in international content when mentioned in passing or across PC USA PATRIOT Act - should be kept as such, i.e. with caps, as it’s an acronym for “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act”) U.S. Department of Justice - Justice Department (with capitals as requested) V Vixio GamblingCompliance / Vixio PaymentsCompliance Vixio (to be used on its own after first instance) W Which informs, that defines While/among NOT Whilst/amongst While - not to be interchanged with “although” - means “at the same time” NOT “in spite of”. X Y Year quarters - Q1, Q2, H1, H2, etc. Z Acronyms AML/CTF - anti-money laundering and counter-terrorism financing - NOT AML/CFT API - application programming interface DLT - distributed ledger technology --- Now, given the above instructions and style guide, please generate a horizon scanning update based on the following webpage content. Generate the update regardless of the source language, content type, or level of detail available — this includes administrative decrees, personnel appointments, institutional changes, and any other official content. Use whatever information is present. Treasury Targets Iran’s Shadow Fleet, Networks Supplying Ballistic Missile and ACW Programs | U.S. Department of the Treasury Skip to main content Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS A lock ( Lock A locked padlock ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. Press Releases Treasury Targets Iran’s Shadow Fleet, Networks Supplying Ballistic Missile and ACW Programs February 25, 2026 WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned over 30 individuals, entities, and vessels enabling illicit Iranian petroleum sales and Iran’s ballistic missile and advanced conventional weapons (ACW) production, as part of Treasury’s ongoing campaign of maximum pressure on Iran. Specifically, OFAC targeted additional vessels operating as part of Iran’s shadow fleet, which transport Iranian petroleum and petroleum products to foreign markets and serve as the regime’s primary source of revenue for financing domestic repression, terrorist proxies, and weapons programs. OFAC also targeted multiple networks that enable Iran’s Islamic Revolutionary Guard Corps (IRGC) and Ministry of Defense and Armed Forces Logistics (MODAFL) to secure the precursor materials and sensitive machinery required to reconstitute ballistic missile and ACW production capacity, as well as proliferate unmanned aerial vehicles (UAVs) to third countries. “Iran exploits financial systems to sell illicit oil, launder the proceeds, procure components for its nuclear and conventional weapons programs, and support its terrorist proxies,” said Secretary of the Treasury Scott Bessent. “Under President Trump’s strong leadership, Treasury will continue to put maximum pressure on Iran to target the regime’s weapons capabilities and support for terrorism, which it has prioritized over the lives of the Iranian people.” Today’s action is being taken pursuant to Executive Order (E.O.) 13902, which authorizes sanctions on key sectors of Iran’s economy; E.O. 13382, which authorizes sanctions on weapons of mass destruction (WMD) proliferators and their supporters; and E.O. 13949, which authorizes sanctions on property of certain persons with respect to the conventional arms activities of Iran. This action is in furtherance of the President’s National Security Presidential Memorandum 2 (NSPM-2), which undergirds Treasury’s continued campaign of maximum economic pressure against Iran’s shadow banking, money laundering, weapons proliferation, and sanctions evasion networks and has impacted the Iranian regime’s ability to sell its petroleum to support its destabilizing behavior and recoup those funds. In 2025, OFAC sanctioned more than 875 persons, vessels, and aircraft as part of this campaign. SHADOW FLEET VESSELS TRANSPORTING IRANIAN PETROLEUM Today, OFAC intensified pressure on the Iranian shadow fleet, targeting 12 shadow fleet vessels and their respective owners or operators that have collectively transported hundreds of millions of dollars’ worth of Iranian petroleum and petrochemical products. Instead of allocating this revenue for the benefit of the Iranian people, the regime ultimately siphons it off to fund regional terrorist proxies, weapons programs, and repressive security services, rather than the basic economic needs the Iranian people have repeatedly and courageously demanded. The following vessels are linked to years of transporting Iranian petroleum and petrochemical shipments, including significant volumes in 2025 that continue into 2026: The Panama-flagged HOOT (IMO 9267962), owned by Panama-based Poros Maritime Ventures S.A. , transported hundreds of thousands of barrels of Iranian liquified petroleum gas (LPG) to Bangladesh in 2025. The Barbados-flagged OCEAN KOI (IMO 9255933), owned by Marshall Island-based Ocean Kudos Shipping Co Ltd , has transported millions of barrels of Iranian high sulfur fuel oil (HSFO) and condensate since May 2025. The OCEAN KOI has operated as part of the Iranian shadow fleet since at least 2020. The Barbados-flagged NORTH STAR (IMO 9299563), owned by British Virgin Islands-based Mistral Fleet Co Ltd , has transported nearly two million barrels of Iranian HSFO since late 2025. The Comoros-flagged FELICITA (IMO 9167162), owned, operated, and managed by Liberia-registered Vast Marine Inc , has transported millions of barrels of Iranian HSFO and naphtha since 2023. The Iran-flagged ATEELA 1 (IMO 9548990) and ATEELA 2 (IMO 9549009), owned by Iran-based Behengam Tadbir Qeshm Shipping and Maritime Services Company , has transported over 100,000 barrels of Iranian petroleum products for the National Iranian Oil Company since late 2025. The Palau-flagged NIBA (IMO 9046784), owned, operated, and managed by Panama-based Paros Maritime S.A. , has transported millions of barrels of Iranian LPG, including butane and propane, since 2025. The NIBA has operated as part of the Iranian shadow fleet since at least 2020. The Vanuatu-flagged LUMA (IMO 9034690), owned by Marshall Island-based Wansa Gas Shipping Co. , has transported hundreds of thousands of barrels of Iranian LPG to end users in Bangladesh and Pakistan since late 2025. The LUMA previously carried Venezuelan LPG. The Panama-flagged REMIZ (IMO 9223344), owned by Marshall Islands-based Goldwave Maritime Services Inc , has transported millions of barrels of Iranian oil to East Asia since 2025. The Palau-flagged DANUTA I (IMO 9193721), owned by Panama-based Ithaki Maritime and Trading S.A., has transported millions of barrels of Iranian LPG to East Asia since 2023. The Palau-flagged ALAA (IMO 9155341), owned by Liberia-based Kaito Navigation SA , has transported dozens of Iranian LPG shipments to various jurisdictions, including Türkiye, since 2022. Kaito Navigation SA is being designated pursuant to E.O. 13902 for operating in the petroleum and petrochemical sectors of the Iranian economy. The Panama-flagged GAS FATE (IMO 9147394), owned by Marshall Islands-based NYR Shipping Co. , has transported over a million barrels of Iranian grey ammonia to various jurisdictions since 2024. NYR Shipping Co. is being designated pursuant to E.O. 13902 for operating in the petrochemical sector of the Iranian economy. The following companies are being designated pursuant to E.O. 13902 for operating in the petroleum sector of the Iranian economy: Poros Maritime Ventures S.A.; Ocean Kudos Shipping Co Ltd; Mistral Fleet Co Ltd; Vast Marine Inc; Behengam Tadbir Qeshm Shipping and Maritime Services Company; Paros Maritime S.A.; Wansa Gas Shipping Co.; Goldwave Maritime Services Inc; and Ithaki Maritime and Trading S.A. The following vessels are being identified as blocked property of the previously identified blocked persons: HOOT (Poros Maritime Ventures S.A.); OCEAN KOI (Ocean Kudos Shipping Co Ltd); NORTH STAR (Mistral Fleet Co Ltd); FELICITA (Vast Marine Inc); ATEELA 1 and ATEELA 2 (Behengam Tadbir Qeshm Shipping and Maritime Services Company); NIBA (Paros Maritime S.A.); LUMA (Wansa Gas Shipping Co.); REMIZ (Goldwave Maritime Services Inc); DANUTA I (Ithaki Maritime and Trading S.A.); ALAA (Kaito Navigation SA); and GAS FATE (NYR Shipping Company). NETWORKS SUPPLYING IRAN’S BALLISTIC MISSILE AND ADVANCED CONVENTIONAL WEAPONS PROGRAMS In furtherance of NSPM-2, OFAC also targeted nine individuals and entities based in Iran, Türkiye, and the United Arab Emirates (UAE) that have facilitated the procurement of precursor chemicals and sensitive machinery for the IRGC and MODAFL and their respective missile and ACW programs, as well as proliferated UAVs to third countries. In line with the Trump Administration’s commitment to sustaining maximum pressure on Iran, these sanctions seek to disrupt procurement networks that support Iran’s missile and UAV development, which Tehran continues to prioritize at the expense of the Iranian people. This action represents Treasury’s fourth round of nonproliferation designations in support of the September 27, 2025 reimposition of United Nations sanctions and other restrictions on Iran, which occurred as a direct result of Iran’s continued non-performance of its nuclear commitments. Iran-based Oje Parvaz Mado Nafar Company (Mado) produces UAV engines used in Iran’s Shahed-131 and Shahed-136 UAVs. OFAC designated Mado pursuant to E.O. 13382 in October 2021 for having provided support to the IRGC. Türkiye-based companies Utus Gumrukleme Gida Tekstil Ithalat Ihracat Dis Ticaret ve Sanayi Limited Sirketi (Utus), Arya Global Gida Sanayi ve Ticaret Limited Sirketi (Arya), and Altis Tekstil Makina Ticaret Limited Sirketi (Altis) have served as financial intermediaries for Mado’s procurements. Utus has originated payments totaling hundreds of thousands of dollars in furtherance of Mado’s purchases of sensitive machinery for application in the IRGC Aerospace Force Self Sufficiency Jihad Organization ’s (IRGC ASF SSJO’s) ACW platforms. Arya has originated transfers totaling more than $1 million in support of Mado’s purchases of sensitive machinery, and Altis has originated financial transactions worth tens of thousands of dollars in furtherance of Mado’s procurements. On July 18, 2017, the U.S. Department of State designated the IRGC ASF SSJO, which is involved in Iranian ballistic missile research and flight test launches, pursuant to E.O. 13382 for engaging, or attempting to engage, in activities or transactions that have materially contributed to, or pose a risk of materially contributing to, the proliferation of weapons of mass destruction or their means of delivery. Utus, Arya, and Altis are being designated pursuant to E.O. 13382 for having provided, or attempted to provide, financial, material, technological or other support for, or goods or services in support of, Mado. OFAC is also designating two companies for their support to Marco Klinge (Klinge), a U.S.‑designated individual who has coordinated and facilitated the procurement of materials, including the ballistic missile propellant precursor sodium perchlorate, for Iran’s Parchin Chemical Industries (PCI). Sodium perchlorate is used to manufacture the Missile Technology Control Regime (MTCR)-controlled chemical ammonium perchlorate. Ammonium perchlorate is used in solid propellant rocket motors, which are commonly used for ballistic missiles. OFAC designated Klinge pursuant to E.O. 13382 on November 12, 2025, for having provided, or attempted to provide, financial, material, technological or other support for, or goods or services in support of, PCI. PCI is an element of Iran’s Defense Industries Organization (DIO) that is responsible for the import and export of chemical goods. OFAC designated PCI pursuant to E.O. 13382 in July 2008, and the Department of State designated DIO pursuant to E.O. 13382 in March 2007. Both DIO and PCI are also subject to an asset freeze pursuant to UN Security Council Resolution (UNSCR) 1737 and UNSCR 1747, respectively. Iran-based Adak Pargas Pars Trading Company (Adak Pargas Pars) and UAE-based Mostafa Roknifard Prime Choice General Trading LLC (MRPCG Trading) have facilitated Klinge’s efforts to procure sodium perchlorate, including for Iranian government customers such as PCI. Adak Pargas Pars and MRPCG Trading are being designated pursuant to E.O. 13382 for having provided, or attempted to provide, financial, material, technological or other support for, or goods or services in support of, Klinge. OFAC is designating four individuals based in Iran for their connection to Qods Aviation Industries (QAI), an element of Iran’s MODAFL. QAI designs and manufactures light and ultra‑light UAVs, including the Mohajer-2 in the mid-1990s and the Mohajer-6 in 2017. QAI has reportedly supplied UAVs to all branches of the Iranian military and buyers in Africa and Latin America. OFAC designated QAI pursuant to E.O. 13949 in October 2023. The U.S. Department of State designated MODAFL pursuant to E.O. 13949 in September 2020. QAI employees Mohammad Abedini (Abedini) and Mehdi Zand (Zand) have traveled to Russia on behalf of QAI to provide support to resolve technical issues with QAI-designed, Mohajer-series UAVs for the Russian Federation. QAI employees Mehrdad Jafari (Jafari) and Ebrahim Shariatzadeh (Shariatzadeh) have traveled to Venezuela on behalf of QAI to provide UAV technical support. Abedini, Zand, Jafari, and Shariatzadeh are being designated pursuant to E.O. 13949 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, QAI. SANCTIONS IMPLICATIONS All property and interests in property of the persons described above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by OFAC, or exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked persons. Violations of U.S. sanctions may result in the imposition of civil or criminal penalties on U.S. and foreign persons. OFAC may impose civil penalties for sanctions violations on a strict liability basis. OFAC’s Economic Sanctions Enforcement Guidelines provide more information regarding OFAC’s enforcement of U.S. economic sanctions. In addition, financial institutions and other persons may risk exposure to sanctions for engaging in certain transactions or activities involving designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any designated or blocked person, or the receipt of any contribution or provision of funds, goods, or services from any such person. Furthermore, engaging in certain transactions involving the persons designated today may risk the imposition of secondary sanctions on participating foreign financial institutions. OFAC can prohibit or impose strict conditions on opening or maintaining, in the United States, a correspondent account or a payable-through account of a foreign financial institution that knowingly conducts or facilitates any significant transaction on behalf of a person who is designated pursuant to the relevant authority. The power and integrity of OFAC sanctions derive not only from OFAC’s ability to designate and add persons to the SDN List, but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior. For information concerning the process for seeking removal from an OFAC list, including the SDN List, or to submit a request, please refer to OFAC’s guidance on Filing a Petition for Removal from an OFAC List . Click here for more information on the persons designated and any property identified as blocked property today . ### Use featured image Off Latest News February 25, 2026 Treasury Targets Iran’s Shadow Fleet, Networks Supplying Ballistic Missile and ACW Programs February 24, 2026 Treasury Sanctions Exploit Broker Network for Theft and Sale of U.S. Government Cyber Tools February 20, 2026 Secretary of the Treasury Scott Bessent’s Remarks Before the Economic Club of Dallas - Economic Security First FATF Holds Plenary in Mexico, Advances Key Illicit Finance Initiatives February 19, 2026 Treasury Releases Two New Resources to Guide AI Use in the Financial Sector

Treasury Targets Iran’s Shadow Fleet, Networks Supplying Ballistic Missile and ACW Programs | U.S. Department of the Treasury

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