The Office of Foreign Assets Control (OFAC), part of the U.S. Department of the Treasury, has announced that it has added certain individuals and ships to its Specially Designated Nationals and Blocked Persons List (SDN List). These additions are due to violations of legal criteria under OFAC’s jurisdiction. All U.S. properties and interests belonging to these individuals and vessels are now blocked, and U.S. citizens are generally not allowed to engage in any transactions with them. Several ships, primarily crude oil and chemical tankers tied to organizations linked with Iran, are identified as properties subject to these sanctions.
Simple Explanation
The U.S. government has made a list of people and ships that Americans can't trade with because they broke some rules. Some of these ships are used to carry oil and chemicals, and they are connected to groups in Iran.