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Sat, Nov

U.S. Intensifies Sanctions on Iranian Shipping Network as Naval Blockade Resumes

U.S. Intensifies Sanctions on Iranian Shipping Network as Naval Blockade Resumes

World Maritime
U.S. Intensifies Sanctions on Iranian Shipping Network as Naval Blockade Resumes

The Trump administration on Tuesday expanded its economic campaign against Iran by imposing sweeping new sanctions on a major shipping and oil trading network just hours after the U.S. military resumed its maritime blockade of Iranian ports.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions targeting more than 50 individuals, companies and vessels linked to Iranian businessman Mohammad Hossein Shamkhani, describing the network as one of the country’s largest facilitators of sanctions evasion, oil exports and global shipping operations.

The action came as U.S. Central Command (CENTCOM) confirmed that American forces had resumed enforcing the

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