US Rolls Out New Iran-Related Sanctions
- The U.S. Treasury Department imposed sanctions on a network smuggling Iranian-origin liquefied petroleum gas to South and East Asia using front companies, deceptive shipping practices, and falsely marketing it as Omani LPG.
- This network used front companies in the UAE and China, foreign bank accounts, and Iran's shadow tanker fleet to conceal Iranian LPG shipments.
- Sanctions targeted companies and vessels in Iran's petroleum and financial sectors, including an Iranian exchange house accused of moving hundreds of millions of dollars for sanctioned Iranian banks.
- These sanctions are part of the Economic Fury campaign to disrupt Iran's oil exports, financial networks, and access to global trade, with the U.S. urging international cooperation to enforce these measures.
19 Articles
19 Articles
US Targets Iranian LPG Smuggling Network and Shadow Banking System
Get latest articles and stories on World at LatestLY. The network used front companies in the United Arab Emirates and China, foreign bank accounts, and Iran's shadow fleet to move millions of barrels of Iranian LPG while concealing its Iranian origin and evading US sanctions. World News | US Targets Iranian LPG Smuggling Network and Shadow Banking System.
Treasury Targets Iranian LPG Smuggling Network as U.S. Pressure Campaign Intensifies
The Trump administration on Friday imposed a new round of sanctions targeting an international network accused of smuggling Iranian liquefied petroleum gas (LPG) and laundering revenue through shadow banking channels,...
US Treasury sanctions network of front companies smuggling Iranian oil
The U.S. Treasury Department announced sanctions on Friday targeting a network accused of smuggling Iranian-origin liquefied petroleum gas to South and East Asia through front companies and deceptive shipping practices.According to Treasury, the network used front companies in the United Arab Emirates and China, foreign bank accounts and Iran’s “shadow fleet” of tankers to move millions of barrels of LPG while concealing its Iranian origin and e…
(Washington = Yonhap News) Correspondent Park Sung-min = The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) [announced] on the 5th (local time) hundreds of millions of dollars worth of Iranian liquefied petroleum gas (LPG)...
US expands Iran sanctions as Israel-backed pressure campaign grows
US expands Iran sanctions as Israel-backed pressure campaign grows The US has imposed a new round of Iran-related sanctions, widening its economic pressure campaign as Washington continues to shield Israel’s war agenda in the region. The US Treasury Department said the measures target several entities, individuals and liquefied petroleum gas tankers. The designations include 12 entities: five based in the Marshall Islands, four in the UAE and o…
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