US slaps fresh sanctions on Iran’s oil network

According to the US State Department, the sanctions focus on a network accused of helping Iran bypass existing restrictions and continue exporting

WASHINGTON: The United States has imposed a new round of sanctions targeting more than 50 individuals, companies, and vessels linked to Iran’s oil trade, intensifying efforts to curb Tehran’s energy exports and disrupt its shipping network.

According to the US State Department, the sanctions focus on a network accused of helping Iran bypass existing restrictions and continue exporting crude oil through a complex web of shipping and commercial operations.

US officials said the network is associated with Iranian oil businessman Mohammad Hossein Shamkhani, who is alleged to have used companies and vessels operating across multiple countries to evade US sanctions. The network reportedly includes Iranian and foreign nationals, businesses, and entities that rely on offshore shell companies to facilitate the trade of oil and other goods while moving the proceeds through international financial channels.

Washington maintains that the network plays a significant role in sustaining Iran’s oil exports, providing financial resources that ultimately benefit the Iranian government. US authorities reaffirmed that they will continue using economic and legal measures to hold Iran accountable for its policies.

Iran has not yet issued an official response to the latest sanctions. However, Tehran has consistently dismissed previous US sanctions as unlawful and has maintained that it will continue its oil exports despite mounting restrictions.

The latest measures come amid ongoing tensions between Washington and Tehran, adding further uncertainty to the global energy market.