US Treasury imposes its largest Iran sanctions since 2018 – targeting Shamkhani’s oil smuggling network and blacklisting 115 entities and vessels linked to funding Tehran’s military

Applies to six entities and two individuals operating within Iran’s shadow banking network, which enables billions of dollars in illicit oil revenue to flow through front companies and proxy accounts worldwide. The designations target firms across Iran, Türkiye, and the UAE that facilitate funding for Iran’s Ministry of Defence and Armed Forces Logistics…