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US Sanctions Individuals, Firms Over Alleged Iranian Oil Trade Network
(MENAFN) The United States has announced new sanctions targeting 12 individuals and entities accused of facilitating the sale and transportation of Iranian oil, according to the US Treasury Department on Monday.
Officials said the measures focus on a network allegedly linked to Iran’s Islamic Revolutionary Guard Corps (IRGC), which is accused of using intermediaries and front companies to sell oil to China while concealing its involvement.
The sanctioned entities are based across Iran, Hong Kong, the United Arab Emirates, and Oman.
Washington claims they played a role in arranging oil shipments and processing financial transactions connected to the IRGC’s energy operations.
According to the Treasury Department, the network reportedly relied on shell companies registered in foreign jurisdictions to hide the origin of the oil revenues and transfer funds outside Iran.
Authorities also stated that some of the shipments involved tankers previously placed under sanctions, which are described by the US as part of Iran’s so-called “shadow fleet.”
Among the individuals named are Ahmad Mohammadi Zadeh, identified as head of the IRGC’s Shahid Purja’fari Oil Headquarters, along with finance official Samad Fathi Salami and commercial official Mohammadreza Ashrafi Ghehi.
Several companies were also added to the sanctions list, including Hong Kong Blue Ocean Limited, Hong Kong Sanmu Limited, Ocean Allianz Shipping LLC, and Universal Fortune Trading LLC.
US Treasury Secretary Scott Bessent said the action is part of ongoing efforts to restrict Iranian revenue flows that Washington believes are connected to military and nuclear-related activities.
Officials said the measures focus on a network allegedly linked to Iran’s Islamic Revolutionary Guard Corps (IRGC), which is accused of using intermediaries and front companies to sell oil to China while concealing its involvement.
The sanctioned entities are based across Iran, Hong Kong, the United Arab Emirates, and Oman.
Washington claims they played a role in arranging oil shipments and processing financial transactions connected to the IRGC’s energy operations.
According to the Treasury Department, the network reportedly relied on shell companies registered in foreign jurisdictions to hide the origin of the oil revenues and transfer funds outside Iran.
Authorities also stated that some of the shipments involved tankers previously placed under sanctions, which are described by the US as part of Iran’s so-called “shadow fleet.”
Among the individuals named are Ahmad Mohammadi Zadeh, identified as head of the IRGC’s Shahid Purja’fari Oil Headquarters, along with finance official Samad Fathi Salami and commercial official Mohammadreza Ashrafi Ghehi.
Several companies were also added to the sanctions list, including Hong Kong Blue Ocean Limited, Hong Kong Sanmu Limited, Ocean Allianz Shipping LLC, and Universal Fortune Trading LLC.
US Treasury Secretary Scott Bessent said the action is part of ongoing efforts to restrict Iranian revenue flows that Washington believes are connected to military and nuclear-related activities.
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