The vast network, which the son of a top Iranian adviser runs, “highlights how the Iranian regime elites leverage their positions to accrue massive wealth and fund the regime’s dangerous behavior,” the U.S. treasury secretary stated.
The U.S. The Treasury Department took its largest action against Iran since 2018, announcing sanctions against a shipping empire managed by Mohammad Hossein Shamkhani, whose father Ali Shamkhani is a senior political adviser to the Islamic Republic’s supreme leader.
A senior Treasury Department official told reporters on background on Wednesday that the federal government’s “massive action” includes sanctioning 15 shipping firms, 52 vessels—including oil tankers and container ships—12 people and 53 other entities.
The European Union designated the younger Shamkhani last week. Washington sanctioned his father, who was reportedly hurt severely in an Israeli airstrike on Iran in June, in 2020.