The US Treasury Department on Friday said that it had imposed sanctions on a network of individuals, entities, and tankers smuggling Iranian-origin liquid petroleum gas disguised as Omani LPG to South and East Asia.
The latest targets include 12 entities, five of which are based in the Marshall Islands, four in the UAE, and one in China, according to details posted on the department’s website. Six LPG tankers were targeted, including four Panama-flagged vessels.
The department also imposed sanctions against Iranian exchange house Mehrdad Geramian Nik and Partners Co and its leadership, alleging they had moved hundreds of millions of dollars of foreign currency on behalf of sanctioned Iranian banks. –Agencies
