WASHINGTON, July 31 (AFP): The United States on Wednesday slapped sanctions on a shipping empire controlled by the son of a top political advisor to Iran's supreme leader, Ayatollah Ali Khamenei.
The Treasury Department said the sanctions were being imposed on companies and vessels operated by Mohammad Hossein Shamkhani, the son of Ali Shamkhani, who has been subject to US sanctions since 2020. It said Hossein operates a fleet of more than 50 tankers and container ships that transport Iranian and Russian oil and petroleum products, generating tens of billions of dollars in profit.
"The Shamkhani family's shipping empire highlights how the Iranian regime elites leverage their positions to accrue massive wealth and fund the regime's dangerous behavior," Treasury Secretary Scott Bessent said in a statement.
The Treasury Department said more than 115 individuals, corporate entities and vessels were being sanctioned, including companies based in Hong Kong, Singapore, Switzerland, the United Arab Emirates and other countries.
US sanctions shipping empire tied to Iranian leaders
FE Team | Published: July 31, 2025 21:52:31
US sanctions shipping empire tied to Iranian leaders
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