The U.S. Treasury Department imposed sanctions on more than 50 individuals, companies, and vessels linked to Iranian oil trader Mohammad Hossein Shamkhani on July 14, saying the network helped Iran evade international sanctions and generate billions of dollars in oil revenue.
Treasury officials said the action is one of the largest sanctions packages aimed at Iran’s shipping sector in recent years and is designed to disrupt the financial and logistical system supporting Tehran’s oil exports.
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