{
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  "id": "office-of-foreign-assets-control",
  "name": "Office of Foreign Assets Control",
  "kind": "regulator",
  "url": "https://whatledto.com/who/office-of-foreign-assets-control",
  "description": "The US Treasury unit that designates sanctioned people, companies and vessels.",
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    "https://ofac.treasury.gov/"
  ],
  "timelines": [
    {
      "slug": "strait-of-hormuz-oil-flows",
      "title": "Hormuz Disrupted: The Closure, the Reopening That Did Not Hold, and $114 Oil",
      "url": "https://whatledto.com/events/strait-of-hormuz-oil-flows",
      "json": "https://whatledto.com/events/strait-of-hormuz-oil-flows.json",
      "role": "Took action against Ali Ansari and designated firms in an IRGC-backed maritime-insurance scheme.",
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      "updated_at": "2026-10-16T02:10:55.460976+00:00"
    }
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    {
      "timeline": "strait-of-hormuz-oil-flows",
      "id": 1961,
      "url": "https://whatledto.com/events/strait-of-hormuz-oil-flows#n1961",
      "date": "2026-07-29",
      "date_precision": "day",
      "title": "OFAC designates firms in an IRGC-backed insurance scheme",
      "summary": "OFAC said it was designating two firms involved in an IRGC-backed scheme. The scheme forced commercial vessels to purchase mandatory maritime insurance to transit the Strait of Hormuz.",
      "type": "regulatory",
      "entities": [
        "Office of Foreign Assets Control",
        "Islamic Revolutionary Guard Corps"
      ],
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        {
          "url": "https://home.treasury.gov/news/press-releases/sb0581",
          "outlet": "U.S. Treasury OFAC",
          "published": "2026-07-29",
          "quote": "OFAC is designating two firms integral to an Islamic Revolutionary Guard Corps (IRGC)-backed extortion scheme that forces commercial vessels to purchase mandatory maritime “insurance” to transit the Strait."
        }
      ]
    },
    {
      "timeline": "strait-of-hormuz-oil-flows",
      "id": 1960,
      "url": "https://whatledto.com/events/strait-of-hormuz-oil-flows#n1960",
      "date": "2026-07-14",
      "date_precision": "day",
      "title": "OFAC action includes more than 50 people, entities and vessels",
      "summary": "OFAC said its action included more than 50 individuals, entities, and vessels connected to Mohammad Hossein Shamkhani and the Iranian regime. Treasury published the action on 14 July.",
      "type": "regulatory",
      "entities": [
        "U.S. Department of the Treasury",
        "Office of Foreign Assets Control",
        "Mohammad Hossein Shamkhani",
        "Iran"
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      "sources": [
        {
          "url": "https://home.treasury.gov/news/press-releases/sb0562",
          "outlet": "U.S. Treasury OFAC",
          "published": "2026-07-14",
          "quote": "Today’s action includes more than 50 individuals, entities, and vessels that enable Shamkhani and the Iranian regime to continue profiting while the Iranian people remain burdened under the economic yoke imposed by their government."
        }
      ]
    },
    {
      "timeline": "strait-of-hormuz-oil-flows",
      "id": 1958,
      "url": "https://whatledto.com/events/strait-of-hormuz-oil-flows#n1958",
      "date": "2026-07-10",
      "date_precision": "day",
      "title": "OFAC acts after Iran resumes attacks on shipping",
      "summary": "OFAC took action against Iranian financial facilitator Ali Ansari. Treasury said the action followed Iran's resumption of attacks on international shipping in the Strait of Hormuz.",
      "type": "regulatory",
      "entities": [
        "U.S. Department of the Treasury",
        "Office of Foreign Assets Control",
        "Iran",
        "Ali Ansari"
      ],
      "parties": [
        "us-department-of-the-treasury",
        "office-of-foreign-assets-control",
        "iran",
        "ali-ansari"
      ],
      "sources": [
        {
          "url": "https://home.treasury.gov/news/press-releases/sb0558",
          "outlet": "U.S. Treasury OFAC",
          "published": "2026-07-10",
          "quote": "Today, following Iran’s resumption of attacks on international shipping in the Strait of Hormuz, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against Iranian financial facilitator Ali Ansari"
        }
      ]
    }
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