U.S. Sanctions Law Firm, Shipping Agents and Nine Vessels in Iran Shadow Fleet Crackdown

The United States has imposed a new round of sanctions targeting a law firm, shipping agents and nine vessels accused of helping Iran move oil and other commodities through international markets, expanding Washington’s crackdown on the networks supporting Tehran’s shadow fleet.

The U.S. Treasury Department announced the measures Wednesday as part of Operation Economic Outcast, an ongoing campaign aimed at cutting off Iran’s remaining sources of revenue amid the continuing conflict in the Middle East.

At the center of the latest action is Karnakis and Karnakis, a law firm operating in Panama and Greece that Treasury says has spent