The United States Treasury Department announced Wednesday it has imposed financial penalties on over two dozen Iranian individuals, businesses, and ships as part of efforts to disrupt Iran’s oil transportation network.
The financial restrictions focus on operations connected to Iranian shipping businessman Mohammad Hossein Shamkhani, according to Treasury officials. Mohammad Hossein Shamkhani is the son of Ali Shamkhani, an influential figure in Iran’s security apparatus and nuclear policy decisions who died in joint U.S.-Israeli attacks on Tehran on February 28.
“Treasury is moving aggressively with Economic Fury by targeting regime elites like the Shamkhani family that attempt to profit at the expense of the Iranian people,” Treasury Secretary Scott Bessent said in the statement.
The Treasury Department has also placed sanctions on Iranian citizen Seyed Naiemaei Badroddin Moosavi, whom officials accuse of providing financial support to Hezbollah. Additionally, three companies connected to a money laundering operation involving Iranian oil sales in exchange for Venezuelan gold have been sanctioned.
