Trump admin unveils largest-to-date Iran sanctions on oil ‘shipping empire’

WASHINGTON — The Trump administration announced on Wednesday what it called its most extensive set of Iran-related sanctions since 2018, targeting a “vast shipping empire” involved in transporting oil and petroleum products from Iran and Russia.  

Through a network of oil tankers, container ships and front companies, the Treasury Department alleges that Mohammad Hossein Shamkhani is able to exert control over a significant portion of Iran’s crude oil exports, most often to buyers in…

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News Source: www.al-monitor.com

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