On Oct. 17, OFAC sanctioned Iran-backed Houthi oil shipping network.
OFAC, US Treasury designated 18 companies, individuals, and vessels linked to Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF)-backed Houthi Sa’id al-Jamal.
Revenue from network continues to enable Houthi attacks, including missile and unmanned aerial vehicle attacks on Israel, commercial vessels transiting the Red Sea.
Oil Shipping Network Designations
Al-Jamal network relies on front companies, willing partners in multiple jurisdictions to facilitate the sale of Iranian petroleum, petroleum products for the benefit of Houthis.
Panama-flagged vessel KAPOK (IMO 9315654), owned by Marshall Islands-registered Changtai Shipping Ltd, transported barrels of crude oil on behalf of al-Jamal
Marshall Islands-based Motionavigations Limited andUAE-based Indo Gulf Ship Management LLC served as the registered owner, operator of vessel used by al-Jamal.
UAE-based Ukrainian national Yevhen Skriabin owns operates Motionavigations Limited
Also UAE-based companies Eco Max Trading FZE and Eco Max FZE, owned by Skriabin.
Cook Islands-flagged vessels MARBEL (IMO 9220938), TROPHY (IMO 9220940), and ONYX (IMO 9252400), vessels which are operated and managed by Eco Max FZE.
Palau-flagged vessels LIANA (IMO 9236755), GRATIA (IMO 9260055), and the JUVENIS (IMO 9260067), vessels also operated and managed by Eco Max FZE.
The MARBEL, TROPHY, and LIANA have all been linked to illicit Iranian oil shipments.
All designated pursuant to EO 13224, as amended, for providing support to al-Jamal.
Additional Oil Shipping Network Designations
Indian national Rahul Rattanlal Warikoo Rattanlal, managing director of Indo Gulf Ship.
Dipankar Mohan Keot serves as technical manager of Indo Gulf Ship Management LLC.
Keot responsible for monitoring vessel operations, vessel budget and expenditures.
Indo Gulf Ship serves as manager operator of Barbados-flagged KUKKI (IMO 9247388)
All designated pursuant to EO 13224, as amended, for providing support to al-Jamal.
Vessel Captains Designation
Network is not only reliant on system of companies, managers, and vessels to transport Iranian commodities, but also on individuals who oversee these shipments.
Iranian national Ali Barkhordar, captain of US-sanctioned vessel YORGOS, conducted a ship-to-ship transfer with the US-sanctioned Guyanese-flagged vessel the OLYMPICS.
Pakistani national Wahid Ullah Durrani, captain of OLYMPICS, loaded the sanctioned oil
Designated pursuant to EO 13224, as amended, for providing support to al-Jamal.
Regulators
OFAC; US Treasury
Entity Types
B/D; Bank; BS; IA; Ins; Inv Co; MSB
Reference
OFAC: List, 10/17/2024; US Treasury: PR, 10/17/2024; EO 13224;
