The measures target an international oil shipping network with ties to a top Tehran official
The US has imposed sweeping new sanctions on Iran’s international shipping network, accusing it of illegally funneling tens of billions of dollars in oil revenue to Tehran.
The sanctions, announced on Wednesday, target more than 100 individuals, companies, and vessels that the US Treasury described as part of a “vast shipping empire” run by trader Mohammad Hossein Shamkhani, the son of Ali Shamkhani, a senior adviser to Supreme Leader Ayatollah Ali Khamenei.
The Treasury accused Shamkhani of using his father’s influence to build a fleet of tankers and…
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