Politics
US Treasury imposes new sanctions on Iran-linked shipping network
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US Treasury imposes new sanctions on Iran-linked shipping network
The US Treasury Department has announced sanctions targeting a network involved in illicit shipping and Iranian oil exports.
- The Treasury imposed sanctions on over 50 individuals, entities, and vessels linked to a network led by Mohammad Hossein Shankhani.
- Treasury Secretary Scott Bessent said the network is one of the most profitable engines for the Iranian regime, which relies on deception.
- The sanctions build on previous designations in April 2026 and July 2025, bringing the total number of sanctioned targets associated with the network to over 200.
- The measures were taken under Executive Order 13902 and in line with the National Security Presidential Memorandum-2, the Treasury said.
What happened since
US Targets Iranian Shadow Fleet Operator with Sanctions
The US Treasury has accused Mohammad Hossein Shmakani of running an oil smuggling network that generated billions for Iran despite sanctions.
- The US Treasury stated that Shmakani played a pivotal role in providing billions of dollars to the Iranian government under sanctions.
- Washington accused Shmakani of operating one of the largest Iranian and Russian oil smuggling networks, known as the "shadow fleet."
- The US has conducted military operations against Iran since February 28, 2026, with periods of escalation and intermittent calm.
- The Treasury imposed sanctions on over 50 individuals, entities, and vessels linked to the network, raising the total sanctioned to over 200.
US Imposes Sanctions on Network Accused of Arming Iran
The United States has sanctioned individuals and entities accused of being part of an international network facilitating weapons procurement for Iran.
- The US Treasury imposed sanctions on citizens of Iran and Russia, as well as entities based in Iran, Russia, and Nigeria.
- The Treasury stated the sanctions "expose Iran's use of foreign airlines, transport firms, financial channels, and travel coordinators to conceal the IRGC's role in illicit procurement."
- The sanctions follow US measures in May and June targeting individuals and companies accused of aiding Iran's weapons sector and the Islamic Revolutionary Guard Corps.
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