US says sanctions hit Iran ‘shipping empire’ linked to top Tehran official
Summary
The United States Department of the Treasury announced new sanctions on over 100 Iran-linked people, companies, and ships. These sanctions target a network led by Mohammad Hossein Shamkhani, linked to Iran's Supreme Leader, for transporting oil globally and generating large profits.Key Facts
- The U.S. Treasury imposed sanctions on more than 100 Iran-related individuals, companies, and vessels.
- The sanctions target over 50 ships in a shipping network controlled by Mohammad Hossein Shamkhani.
- The U.S. describes this as the largest Iran-related action since 2018.
- The network reportedly moves oil and other goods from Iran and Russia to buyers worldwide.
- The Shamkhani family is said to control a large part of Iran’s oil exports.
- The new sanctions include 15 shipping firms, 52 vessels, 12 people, and 53 entities in 17 countries.
- An Iranian spokesperson called the sanctions an example of U.S. hostility.
- A U.S. official stated the sanctions aim to make it harder for Iran to sell oil but didn't expect major global oil disruptions.
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