The United States has launched a new sanctions campaign against Iran, placing greater pressure on companies, individuals, and vessels allegedly involved in the country’s oil trade. The initiative, called “Operation Economic Outcast,” aims to further limit Iran’s access to the global financial system.

The US Treasury Department introduced new sanctions covering several parts of Iran’s economy, including shipping, aviation, technology, gold, and digital assets. The measures also widen the risk of secondary sanctions against foreign companies and service providers that continue to support sanctioned Iranian activities.

Nearly 60 Iran-linked entities, individuals, and vessels were included in the latest action. US authorities said the targeted networks operate across several locations, including the United Arab Emirates, Hong Kong, China, Singapore, Switzerland, and other parts of Europe.

Five tankers were identified as blocked property: SIFRA, G SILVER, QUANTUM HOPE, VOYAGE ELITE, and TELA. According to the US Treasury, the vessels transported Iranian crude oil, liquefied petroleum gas, and other petroleum products to markets in China and Southeast Asia. Their associated owners or operators were also sanctioned.

The measures may increase compliance risks for shipowners, charterers, brokers, bunker suppliers, traders, and financial institutions handling Iran-related business. The development comes as commercial shipping continues to face security concerns, disrupted tanker movements, and higher freight and insurance costs in waters surrounding Iran. Sources: gCaptain and US Treasury Department.