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Iranian shipping network sanctioned by US

( July 30, 2025, 20:35 GMT | Official Statement) -- MLex Summary: In its largest Iran-related action since 2018, the US Treasury Department's Office of Foreign Assets Control is designating more than 50 individuals and entities and identifying more than 50 vessels that are part of the vast shipping empire controlled by Mohammad Hossein Shamkhani, the son of a top political advisor to the Supreme Leader of Iran. Separately, the US State Department is imposing sanctions on 20 entities for their involvement in the trade of Iranian petroleum, petroleum products or petrochemical products, and is identifying 10 vessels as blocked property.Statements follow below:...

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