The US Department of the Treasury on Tuesday imposed a newround of sanctions targeting a shipping and logistics network linked toMohammad Hossein Shamkhani, accusing it of facilitating Iran's oil exports andhelping the country evade international sanctions.
US Treasury Secretary Scott Bessent noted that the measuresaim to dismantle the financial infrastructure that enables Iran to continue oilexports and supports activities Washington considers a threat to US nationalsecurity and global shipping.
Today, Treasury’s Office of Foreign Assets Control is intensifying its efforts to disrupt and degrade the illicit shipping and sanctions evasion network of Mohammad Hossein Shamkhani. This action is part of Treasury’s ongoing efforts to ramp up economic pressure on the Iranian…
— Treasury Department (@USTreasury) July 14, 2026The latest sanctions target financial intermediaries,shipping executives, logistics firms, and vessel operators based in severalcountries, including the United Arab Emirates, Singapore, India, Hong Kong, theMarshall Islands, and St. Kitts and Nevis. US authorities also designatedmultiple shipping companies and vessels that they say transport Iranian oil andother cargo on behalf of the network.
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