US Treasury Department issues new sanctions targeting Iran's LPG trade

The following vessels have transported tens of millions of barrels of Iranian LPG, many on behalf of Abdul Zada and Mihandoust’s network and are thus being added to OFAC’s Specially Designated Nationals and Blocked Persons List as property in which a blocked person has an interest:

1. The Palau-flagged MD 23, which is owned, managed, and operated by Marshall Islands-based Limra Gas, has transported hundreds of thousands of barrels of Iranian LPG since 2023.

2. The Panama-flagged Glendale, which is owned by Liberia-based Ecoseas Maritime, has transported millions of barrels of Iranian LPG since 2020.

3. The St. Kitts and Nevis-flagged Amir Gas, which is owned, managed, and operated by Marshall Islands-based Blue Sea Marine and Faateh Maritime, has transported hundreds of thousands of barrels of Iranian LPG since 2025.

4. The Panama-flagged Gas Lagoon, which is owned, managed, and operated by Marshall Islands-based Adamas Shipping, has transported millions of barrels of Iranian LPG since 2023.

5. The Panama-flagged Mile, which is owned by Marshall Islands-based Black Gold Trade Corporation, has transported millions of barrels of Iranian LPG since 2024. In early 2025, Butani Trading used Mile to ship over half a million barrels of Iranian-origin LPG to end users in Bangladesh.

6. The Panama-flagged Gaz GMS, which is owned by Marshall Islands-based Gas GMS, has transported hundreds of thousands of barrels of Iranian LPG since 2023.