US Treasury hits Iranian shipping network with major new sanctions
The sanctions broadly target the shipping interests of Mohammad Hossein Shamkhani, whose father is an adviser to Supreme Leader Khamenei
The US Treasury Department announced fresh sanctions on Wednesday on more than 115 Iran-linked individuals, entities and vessels, in a sign the Trump administration is doubling down on its “maximum pressure” campaign after bombing Tehran’s key nuclear sites in June.
The sanctions broadly target the shipping interests of Mohammad Hossein Shamkhani, the son of Ali Shamkhani, who is himself an adviser to Supreme Leader Ayatollah Ali Khamenei.
According to the US Treasury, Shamkhani controls a vast network of container ships and tankers through a complex web of intermediaries that sell Iranian and Russian oil and other goods throughout the world.
The Treasury accused Shamkhani of using personal connections and corruption in Tehran to generate tens of billions of dollars in profits, much of which is used to prop up the Iranian regime.