Iran’s shipping sector navigates a new crosscurrent after US sanctions

In a decisive move signaling a return to hardline pressure tactics, the US Treasury Department this week announced sweeping sanctions on over 115 Iran-linked individuals, entities, and vessels.

Among the primary targets: Mohammad Hossein Shamkhani, son of senior Iranian official Ali Shamkhani, accused of orchestrating a clandestine maritime network responsible for exporting sanctioned Iranian and Russian oil across global waters.