U.S. targets Iran-linked LPG smuggling and shadow banking network moving hundreds of millions through covert global channels to evade sanctions and fund the regime

The U.S. Treasury has sanctioned a network of individuals, companies, and vessels involved in smuggling Iranian LPG—disguised as Omani gas—and funnelling hundreds of millions through shadow shipping and banking channels in the UAE and China to bypass sanctions. The action also targets Iranian exchange houses and brokers accused of moving large volumes of foreign currency…