Office of Foreign Assets Control (OFAC)

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Last mentioned: Mar 8, 2026

Stories mentioning Office of Foreign Assets Control (OFAC) 1

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Hormuz Standstill: Legal and Sanctions Risks as Iran-Linked Ships Dominate

The Strait of Hormuz has entered its seventh day of near-total transit standstill for commercial vessels, with only Iran-linked tankers continuing to navigate the waterway. This unprecedented disruption is forcing a massive recalibration of maritime risk assessments and sanctions compliance protocols for global shipping and insurance entities.

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