US Hits Iranian Shipping Network With Major New Sanctions

Treasury accused Shamkhani of using personal connections and corruption in Tehran to generate tens of billions of dollars in profits, much of which is used to p
US Hits Iranian Shipping Network With Major New Sanctions
Marshall Islands-based Meuse Shipping Inc.'s Palau-flagged tanker Iris transits Bosphorus in Istanbul on July 25, 2024. Yoruk Isik/Reuters
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WASHINGTON—The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities, and vessels, in a sign the Trump administration is doubling down on its “maximum pressure” campaign after bombing Tehran’s key nuclear sites in June.

The sanctions broadly target the shipping interests of Mohammad Hossein Shamkhani, the son of Ali Shamkhani, who is himself an adviser to Supreme Leader Ayatollah Ali Khamenei. The U.S. Treasury said it was the most significant Iran-related sanctions action since 2018, during President Donald Trump’s first administration.