U.S. Tightens Pressure with Sanctions on Iran-Linked Network
The U.S. Treasury Department announced new sanctions targeting over 115 Iran-linked entities, aimed at pressuring the Iranian regime. The sanctions focus on the shipping interests of Mohammad Hossein Shamkhani, linked to Supreme Leader Khamenei. This action forms part of the 'maximum pressure' campaign initiated during Trump's administration.
The U.S. Treasury Department has imposed new sanctions on more than 115 individuals, entities, and vessels linked to Iran. This move, announced Wednesday, is part of the Trump administration's intensifying 'maximum pressure' campaign following the June bombing of Iran's nuclear sites.
The sanctions are principally directed at Mohammad Hossein Shamkhani, who operates an extensive network selling Iranian and Russian oil globally. According to the Treasury, Shamkhani's activities have generated billions to support the Iranian regime through corruption and strategic connections.
This latest action targets 15 shipping firms, 52 vessels, 12 individuals, and 53 entities in 17 countries. The sanctions aim to hinder Iran's ability to sell oil, though officials expect no significant disruption to global markets. These measures arrive amidst strained U.S.-Iran relations, with little hope of diplomatic negotiations.
(With inputs from agencies.)
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