US sanctions network linked to Iranian oil sales ...Iraq

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The United States on Wednesday imposed sanctions on anetwork linked to Iranian oil exports, the US Department of the Treasury stated,claiming that the network helped to finance Iran’s activities despite existingsanctions.

The department added that the network has “generated tens ofbillions of dollars in profits,” vowing to “continue to target Iran’s illicitrevenue streams.” The statement added that the measures include designations ofmultiple companies, vessels, and individuals accused of facilitating oilshipments and evading sanctions.

Today, as part of Economic Fury, Treasury’s Office of Foreign Assets Control (OFAC) sanctioned an oil smuggling network run by Iranian shipping magnate Mohammad Hossein Shamkhani, the son of now-deceased senior Iranian security official Ali Shamkhani. OFAC today also sanctioned…

— Treasury Department (@USTreasury) April 15, 2026

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