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U.S. Targets Iran’s Oil Network | US News
Description
The U.S. has launched a sweeping new economic war against Iran, targeting a shadowy shipping network tied to Hossein Shamkhani, sanctioning 50+ individuals, companies, and vessels involved in oil and arms trafficking for Tehran and Moscow. With a naval blockade of Iranian ports reinstated and a key oil sales waiver revoked after Strait of Hormuz attacks, Washington is tightening the financial noose — freezing $130 million linked to Iran’s Central Bank and vowing to block all funding streams supporting the regime’s destabilizing activities.
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