US Hits Iranian Shipping Network With Major New Sanctions

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US Hits Iranian Shipping Network With Major New Sanctions

Marshall Islands-based Meuse Shipping Inc.’s Palau-flagged tanker Iris transits Bosphorus in Istanbul on July 25, 2024. Yoruk Isik/Reuters

WASHINGTON—The U.S. Treasury Department announced fresh sanctions on Wednesday on over 115 Iran-linked individuals, entities, and vessels, in a sign the Trump administration is doubling down on its “maximum pressure” campaign after bombing Tehran’s key nuclear sites in June.

The sanctions broadly target the shipping interests of Mohammad Hossein Shamkhani, the son of Ali Shamkhani, who is himself an adviser to Supreme Leader Ayatollah Ali Khamenei. The U.S. Treasury said it was the most significant Iran-related sanctions action since 2018, during President Donald Trump’s first administration.

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