US targets Iran's oil transportation infrastructure with sanctions
US targets Iran's oil transportation infrastructure with sanctions
ReutersWed, April 15, 2026 at 7:04 PM UTC
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A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque
April 15 (Reuters) - The U.S. Treasury Department said on Wednesday it was targeting Iran's oil transportation infrastructure by imposing sanctions on more than two dozen individuals, companies, and vessels.
The sanctions target a network of Iranian oil shipping magnate Mohammad Hossein Shamkhani, the Treasury Department said in a statement. Hossein Shamkhani is the son of Ali Shamkhani, a key figure in Iran's security and nuclear policymaking who was killed in U.S.-Israeli strikes on Tehran on February 28.
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"Treasury is moving aggressively with Economic Fury by targeting regime elites like the Shamkhani family that attempt to profit at the expense of the Iranian people," Treasury Secretary Scott Bessent said in the statement.
The Treasury Department is also sanctioning Iranian national Seyed Naiemaei Badroddin Moosavi, who it alleges to be a financier to Hezbollah, and three companies linked to a money laundering scheme involving the sale of Iranian oil in exchange for Venezuelan gold.
(Reporting by Christian Martinez and Ismail Shakil; Editing by Doina Chiacu)
Source: “AOL Money”
