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Al Jazeera
Al Jazeera
Business
Al Jazeera

US says sanctions hit Iran ‘shipping empire’ linked to top Tehran official

Iran United States Abbas Araghchi Ali Shamkhani Seyed Abbas Araghchi Ayatollah Ali Khamenei Scott Bessent Oil
Iranian and US flags are seen in this illustration [File: Dado Ruvic/Reuters]

The United States Department of the Treasury has imposed new sanctions on more than 100 Iran-linked individuals, companies and ocean-going vessels in what it described as its “largest Iran-related action since 2018”.

The sanctions, announced on Wednesday, target more than 50 vessels which the Treasury Department describes as being part of a “vast shipping empire” of oil tankers and container ships controlled by Mohammad Hossein Shamkhani, the son of a senior political adviser to Iran’s Supreme Leader Ayatollah Ali Khamenei.

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