U.S. Treasury Sanctions 20 Ships, Over 50 Individuals and Entities in Iranian Shipping Crackdown
The U.S. Treasury sanctioned more than 50 individuals, companies, and 20 vessels tied to an Iranian illicit shipping and sanctions evasion network led by oil magnate Mohammad Hossein Shamkhani, effectively cutting off the group’s financial infrastructure.
The designation covers citizens of Iran, Russia, Britain, Denmark, Italy, India, and the Dominican Republic, alongside firms registered in the British Virgin Islands, the United Arab Emirates, Singapore, and other jurisdictions. Treasury Secretary Scott Bessent cited the network’s role in threatening U.S. national security and global shipping as the basis for the action.
From the sources (5 posts)
@iranintl_enThe United States is shutting down the financial infrastructure of a network tied to Ali Shamkhani because it enables Iran to threaten US national security and global shipping, Treasury Secretary Scott Bessent said on X on Tuesday. “The Ir
@mdubowitzRT @SecScottBessent: The Iranian regime survives on deception, and the Shamkhani network is one of its most profitable engines. Treasury is…
@mdubowitzRT @miadmaleki: Today @USTreasury sanctioned 50+ more individuals, entities & vessels tied to Mohammad Hossein Shamkhani's illicit shipping…
@no_itsmyturnUS 🇺🇸 Treasury sanctions individuals and companies linked to the illicit shipping and sanctions evasion network of Iranian 🇮🇷 oil shipping magnate Mohammad Hossein Shamkhani. Sanctions targets include Iranian🇮🇷, Dominican 🇩🇲, Russian 🇷🇺, D
@mercoglianosRT @gCaptain: U.S. Intensifies Sanctions on Iranian Shipping Network as Naval Blockade Resumes