Politics
US Treasury imposes new sanctions on Iran-linked shipping network
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US Treasury imposes new sanctions on Iran-linked shipping network
The US Treasury Department has announced sanctions targeting a network involved in illicit shipping and Iranian oil exports.
- The Treasury imposed sanctions on over 50 individuals, entities, and vessels linked to a network led by Mohammad Hossein Shankhani.
- Treasury Secretary Scott Bessent said the network is one of the most profitable engines for the Iranian regime, which relies on deception.
- The sanctions build on previous designations in April 2026 and July 2025, bringing the total number of sanctioned targets associated with the network to over 200.
- The measures were taken under Executive Order 13902 and in line with the National Security Presidential Memorandum-2, the Treasury said.
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