US Issues New Sanctions On Iran LPG Network
The United States has announced fresh Iran-related sanctions targeting a network accused of smuggling Iranian liquefied petroleum gas to overseas markets. The action is part of Washington’s wider effort to restrict Iran’s energy revenue and disrupt trade routes allegedly used to evade existing sanctions.
US Sanctions Target Iranian LPG Smuggling
The US Treasury Department said the sanctioned network was involved in moving Iranian liquefied petroleum gas while disguising it as Omani-origin LPG.
According to the action, the network allegedly used front companies, foreign bank accounts and shipping arrangements to hide the Iranian origin of the cargo. The shipments were reportedly aimed at markets in South and East Asia.
Entities In UAE, China And Marshall Islands Sanctioned
The latest sanctions targeted 12 entities based in the Marshall Islands, the United Arab Emirates and China. Six tankers were also identified, including four Panama-flagged vessels.
Washington said these measures are intended to restrict Iran’s ability to use what it describes as a “shadow fleet” and overseas commercial networks to sustain energy exports despite sanctions.
Iran Pressure Campaign Continues
The US also sanctioned an Iranian exchange house, Mehrdad Geramian Nik and Partners Co, and its leadership for allegedly helping move large amounts of foreign currency on behalf of already-sanctioned Iranian banks.
The new measures come as the Trump administration continues its pressure campaign on Iran while diplomatic efforts remain uncertain. The sanctions block US-linked assets of targeted entities and generally prevent American individuals or companies from doing business with them.
