The United States has announced stricter sanctions on Iran oil sector as tensions rise over Tehran’s continued closure of the Strait of Hormuz.
The U.S. Department of the Treasury revealed the measures, which target over two dozen individuals, companies. And vessels tied to a shipping network linked to Mohammad Hossein Shamkhani.
U.S. Treasury Secretary Scott Bessent described the move as part of an intensified financial pressure campaign. “The Treasury is acting decisively with ‘Economic Fury,’ targeting regime elites like the Shamkhani family. Who exploit the Iranian people for personal gain,” he stated.
The U.S. State Department emphasized that the sanctions aim to curb Iran’s revenue generation while it disrupts global energy markets. “The United States is taking firm action to limit Iran’s ability to profit as it continues to hold the Strait of Hormuz hostage,” the department said.
Iran has effectively blocked the vital waterway, a key route for global oil and gas shipments. In response to ongoing conflicts involving the U.S. and Israel. In retaliation, Washington has imposed a naval blockade on Iranian ports.
The U.S. accuses the Shamkhani-linked network of operating across Iran and the UAE. Using front companies to evade sanctions and facilitate oil shipments.
Additionally, the Treasury sanctioned Seyed Naiemaei Badroddin Moosavi, identified as a Hezbollah financier. Along with three companies allegedly involved in a money laundering scheme tied to Iran oil sector and Venezuelan gold.
These latest sanctions come amid escalating geopolitical tensions and growing concerns over disruptions to global energy supplies caused by the Middle East conflict.
