OfficialDiplomacy & politicsBackgroundWashington, D.C., United States
Treasury sanctions a network shipping Iranian LPG disguised as Omani cargo
- Mountain Time
- Local time
- 12:25 PM in New York
- Where
- Washington, D.C., United States
The U.S. Treasury designated individuals, companies and vessels it said shipped hundreds of millions of dollars' worth of Iranian liquefied petroleum gas, disguised as Omani LPG, to buyers in South and East Asia through front companies in the UAE and China. It also sanctioned the Iranian exchange house Mehrdad Geramian Nik and Partners and its leadership for moving foreign currency for sanctioned Iranian banks.
Why it matters
The action named 12 entities and six vessels, part of Treasury's 'Economic Fury' campaign against Iran's shadow fleet and banking channels alongside the naval blockade.
Sources (2)
- U.S. Department of the Treasuryhome.treasury.govPublished
- Al Jazeera live blogaljazeera.comPublished
Confidence: Stated by a named government, military, or institution. Not independently confirmed. About confidence labels