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US says sanctions hit Iran ‘delivery empire’ linked to high Tehran official | Worldwide Commerce Information


Sanctions mentioned to focus on delivery community managed by Mohammad Hossein Shamkhani, the son of a high adviser to Iran’s Supreme Chief Ayatollah Ali Khamenei.

The USA Division of the Treasury has imposed new sanctions on greater than 100 Iran-linked people, corporations and ocean-going vessels in what it described as its “largest Iran-related motion since 2018”.

The sanctions, introduced on Wednesday, goal greater than 50 vessels which the Treasury Division describes as being a part of a “huge delivery empire” of oil tankers and container ships managed by Mohammad Hossein Shamkhani, the son of a senior political adviser to Iran’s Supreme Chief Ayatollah Ali Khamenei.

“This community transports oil and petroleum merchandise from Iran and Russia, in addition to different cargo, to consumers around the globe, producing tens of billions of {dollars} in revenue,” the Treasury Division mentioned in an announcement, describing the sanctions bundle as a “huge motion” towards an Iranian household community.

“The Shamkhani household’s delivery empire highlights how the Iranian regime elites leverage their positions to accrue huge wealth and fund the regime’s harmful behaviour,” Treasury Secretary Scott Bessent mentioned.

Bessent mentioned the sanctions on 115 people, entities and vessels have been “the biggest to-date for the reason that Trump Administration carried out our marketing campaign of most strain on Iran”.

An Iranian Ministry of Overseas Affairs spokesperson referred to as the new sanctions “a transparent instance of America’s hostility in the direction of the Iranian nation”, based on the nation’s Scholar Information Community.

In response to a US Treasury assertion, the Shamkhani household controls a good portion of Iran’s crude oil exports and whereas Ali Shamkhani – father of Hossein and adviser to Supreme Chief Khamenei – was sanctioned by the US in 2020, the household owns unique properties around the globe and has obtained overseas passports, which permit them to “journey undetected” to conduct enterprise abroad.

“Layers of entrance corporations with an innocuous look and no simply discernible connection to Hossein’s community permit it to accrue monumental income whereas avoiding outdoors scrutiny,” the division mentioned.

In whole, the brand new sanctions goal 15 delivery corporations, 52 vessels, 12 people and 53 entities concerned in sanctions evasion in 17 nations, starting from Panama to Italy to Hong Kong, the Reuters information company stories.

 

A US official advised the information company that the sanctions would make it “rather more troublesome” for Iran to promote its oil, however added that the US administration didn’t anticipate any sustained disruption to world oil markets.

China is the highest worldwide purchaser of Iran’s oil.

The newly introduced sanctions come after Iranian Overseas Minister Abbas Araghchi mentioned any new act of aggression towards Iran will result in a powerful response.

Posting on social media on Monday, Araghchi responded to feedback by US President Donald Trump, who threatened new assaults on Iran if the nation makes an attempt to restart its nuclear programme.

“Iran, a nation with a wealthy tradition originating from 7,000 years of civilisation, won’t ever reply to the language of risk and intimidation. Iranians have by no means bowed down earlier than any foreigners and reply solely to respect,” Araghchi wrote on X.

“Iran is aware of precisely what occurred in the course of the latest American-Israeli aggression, each to us and our adversaries – together with the extent of blows which might be nonetheless being censored. If aggression is repeated, we won’t hesitate to react in a extra decisive method and in a method that can be IMPOSSIBLE to cowl up,” he mentioned.

“Nobody of their proper thoughts would abandon the fruits of large funding in homegrown and peaceable know-how which is saving lives – and just because [bullying] foreigners demand it,” he added.



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