MIDAS
Vessel designated on OFAC SDN list 19 May 2026 as an Iran-linked oil export shipping shell.
Last refreshed: 19 May 2026 · Appears in 1 active topic
Do vessel-level OFAC designations actually reduce Iran's oil revenues?
Timeline for MIDAS
Designated vessel in OFAC 19 May SDN round
Iran Conflict 2026: OFAC SDN round skips mainland refineries again- What is the MIDAS vessel on the OFAC sanctions list?
- MIDAS is a vessel designated by OFAC on 19 May 2026 as an Iran-linked oil export shipping Shell. Full technical details including IMO number and flag state are not confirmed in publicly available sources.Source: OFAC SDN list, 19 May 2026
- Are BRIGHT GOLD, LUNA LUSTER and MIDAS connected vessels?
- The wealth-themed naming pattern across BRIGHT GOLD, LUNA LUSTER and MIDAS in the same OFAC SDN round suggests a connected beneficial ownership network, though the specific corporate links have not been publicly confirmed.Source: event
Background
MIDAS is a vessel designated by OFAC on 19 May 2026 as part of a round targeting Iran-linked shipping entities. She was named alongside BRIGHT GOLD, FEADSHIP, LUNA LUSTER, and QUANTUM STAR in the same action. The round covered individuals and corporate entities across Hong Kong, the UAE, Marshall Islands, Panama, Liberia, Nevis, China and the UK.
Full technical particulars for MIDAS (IMO number, flag state, gross tonnage, registered beneficial owner) are not confirmed in publicly available sources at time of writing. The name MIDAS — evoking wealth and the mythological king whose touch turned objects to gold — is consistent with the pattern of aspirational financial naming observed across other vessels in this SDN round (BRIGHT GOLD, LUNA LUSTER), suggesting a connected branding approach within the same beneficial ownership network.
No mainland Chinese refineries were added in this round, continuing the pattern from earlier May 2026 SDN actions. The designation of individual vessels like MIDAS imposes compliance costs on ports, insurers and banks that might transact with her, but does not address the structural demand that sustains Iran's shadow fleet.
