Washington, United States. The U.S. Treasury Department said it is targeting Iran’s oil transportation infrastructure by imposing sanctions on more than two dozen individuals, companies, and vessels.
Sanctions target Shamkhani-linked shipping network
The Treasury Department said the sanctions target a network of Iranian oil shipping magnate Mohammad Hossein Shamkhani. It said Hossein Shamkhani is the son of Ali Shamkhani, a key figure in Iran’s security and nuclear policymaking who was killed in U.S.-Israeli strikes on Tehran on February 28.
Treasury Secretary Scott Bessent said in the statement: “Treasury is moving aggressively with Economic Fury by targeting regime elites like the Shamkhani family that attempt to profit at the expense of the Iranian people.”
Additional targets include alleged Hezbollah financier and oil-for-gold scheme
The Treasury Department said it is also sanctioning Iranian national Seyed Naiemaei Badroddin Moosavi, who it alleges to be a financier to Hezbollah, and three companies linked to a money laundering scheme involving the sale of Iranian oil in exchange for Venezuelan gold.
How do you think these sanctions could affect Iran’s oil transportation networks?